Given the task definition and input, reply with output. This task is to identify the language of a sentence correctly by classifying if it is English or Telugu

The co-CEO of Bitmain Technologies, the world’s largest cryptocurrency mining company, Jihan Wu said Bitmain plans to conduct an initial public offering in Hong Kong, or in an overseas market with US dollar-denominated shares. Also, Bitmain is reportedly raising further cash in addition to the $400M round raised in June. The new funding would value Bitmain at approximately $14 billion, implying a 10 to 11x earnings multiple. This is a 16.6% increase from the company’s most recently reported $12 billion valuation.

English