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Australian securities market set to begin trading Bitcoin
The Australian securities exchange (ASX) is preparing to publicly trade shares of the Bitcoin Group on February 9th, under the BCG handle. Bitcoin Group currently operates 6,000 "mining" rigs spread across seven international locations (though mostly in China where the cost of electricity is most affordable). The company hopes to raise more than $20 million on the sale of 100 million, $0.20 shares during its initial public offering.
