The preliminary S-1 compares $30,000,005 from new investors with $45,000 from existing holders and leaves buyers immediately diluted. The post Bitcoin miner IPO demands 99. 8% of funds from public buyers while handing them just 10% equity appeared first on CryptoSlate .
Source: [CryptoSlate](https://cryptoslate.com/bitcoin-miner-ipo-demands-99-8-of-funds-from-public-buyers-while-handing-them-just-10-equity/)