Afer the Completion of the Recent Investment Round, Bitmain Was Rated at 12 Billion Dollars

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Bitmain, which is the largest producer of Bitcoin mining equipment, was valued at $ 12 billion at the end of the round of funding for the B series. The report was published in Caixin on July 6.

The company reportedly raised $ 300-400 million in investments from companies such as Sequoia China, the hedge fund Coatue and the state investment fund EDBI. It is worth noting that in the round of funding for the series A, which was held last fall, the company received $ 50 million from Sequoia Capital and IDG Capital.

Earlier this year, Jihan Wu’s CEO said that the company is interested in placing an IPO in Hong Kong. He also said that the IPO is the optimal solution for those investors who want to get cash in their funds in Hong Kong.

We remind you that Bitmain Technologies was founded in 2013 and is a private company that develops equipment for the production of cryptocurrencies, such as Bitcoin chips and ASIC. As reported, at the beginning of this year the company occupied about 70-80% of the market for equipment for mining.

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