Precise figures: news on investments of key companies into the crypto industry during August 27— 29, '18
- Canaan aims for $400 million from its Hong Kong IPO while Ebang and Bitmain look forward for $1 billion and $3 billion respectively. The recent drop in sales of Nvidia and the poor performance of Hong Kong offerings this year resulted in these companies dropping their benchmarks. As previously cited, Canaan aimed for $2 billion while Bitmain had a focus of $18 billion.
- 221 million (73.73%) shares of Pantronics, worth $77 million, is probably purchased by Li Lin, the chairman of Huobi Group. The deal is supposed to give Huobi a window to enter into the secondary financial markets. However, there haven’t been any official confirmations of the deal yet.
- EOS stacking up $192 million to build new technical features, finance their security audits, sponsor meetups, hire lawyers and lobbyists. As of now, their account holds $35 million worth of tokens and will be reaching the estimate by the completion of 12 months of their live blockchain.
- Deloitte’s survey predicted that executives from tech, media and technology are willing to put out millions for blockchain research. Their survey found that 84% of executives believe that blockchain would become a mainstream technology in the future. There was also a prognostication that the revenue of blockchain companies would rise from $340 million in 2017 to $2.3 billion in 2021.