HashKey Seeks $215 Million in Hong Kong IPO While Racing Against Its Cash Burn Rate

HashKey is actively pursuing a substantial $215 million through its initial public offering (IPO) in Hong Kong, all the while facing the urgent challenge of its increasing cash burn rate, which necessitates a swift and successful capital-raising effort to sustain its operations and continue its growth trajectory. source: https://www.coindesk.com/markets/2025/12/09/hashkey-seeks-usd215-million-in-hong-kong-ipo-while-racing-against-its-cash-burn-rate