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The Bitmain IPO \u0026 BCH ProblemBitmain Quietly Files for Deutsche Bank-Backed IPO The source claimed that the company's connection to the Bitcoin (BTC) fork Bitcoin Cash . Now it emerges that it prefers BCH to BTC According to the Bitmain pre-IPO investor deck, they sold most of their #Bitcoin for #Bcash. Making financial matters even more risky for Bitmain and its IPO, Bitmain is preparing to fight a very expensive hash war over the BCH protocol.