Singapore's Temasek denies investing in crypto miner Bitmain's pre-IPO round

Bitmain cofounder Jihan Wu. Photo: Bloomberg

Singapore state investor Temasek Holdings Pte Ltd has officially denied being involved in the pre-initial public offering (IPO) round in Chinese bitcoin miner and mining chip designer Bitmain Technologies Ltd.

Reports have been circulating that Temasek has threatened to pull its pre-IPO commitment in the Chinese mining hardware giant founded by self-made billionaire Jihan Wu due to disclosure issues.

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