Bitmain

Mining & Hardware
Bitmain header

Bitmain

Mining & Hardware

Blockchain and semiconductor company

China, Beijing
$765M
Total amount raised
2013
Year of establishment
Active
Status

About

Hi we’re Bitmain!


Bitmain Technologies was established to develop and sell bitcoin miners using Bitmain's ASIC chip technology.

Key objective

Bitmain aims in providing high-speed and low-power-consuming customized super-computing chips, high-performance and high-dense computing servers, as well as large-scale parallel computing software and cloud computing services.

Slogan / Motto

Enabling everyone, everywhere to participate in a new global economy

Use cases

Hardware
Mining Services

Team

Team members

Phillip Liu Chief Operating Officer

Responsibilities

Phillip has many years of experience both in China and the United States, focusing on investment banking, asset management and fund raising for private equity funds. His track record includes the successful restructuring of Honghe Lighting, a publicly listed company in China, and the restructuring of Hualing Group's Hong Kong IPO and other mergers and acquisition.
He created a solid relationship with major Chinese banks, especially the three policy banks. He is currently the second largest shareholder of The China Jining Bank. He has a very strong knowledge in the finance and asset management. He led the team that successfully established and managed several funds including DongFang Yongtai Fund, and have established a solid reputation in China’s private equity circle. His team have managed to maintain the internal rate of return at 40% over several years.

Micree Zhan Co-Chief Executive Officer & Co-Founder

Wu Jihan Co-Founder and Director

Customers / Partners

Products

Funding

Received funding
$764,700,000
Total amount raised
4
Rounds
14
Total amount of investors
Amount Raised
Funding type
Funding round closing
Investors
$422,000,000
Series B
CAS Investment Management
Crimson Ventures
HuangPu River Capital
Jumbo Sheen Group
Newegg
Norís Capital
Temasek Holdings
N/A
Secondary
Parafi Capital
$292,700,000
Series B
Coatue Management
EDBI
Sequoia Capital China
$50,000,000
Series A
IDG Capital
Sequoia Capital China
Sinovation Ventures

News

Bitmain hints at hash rate specification of upcoming Ethereum ASIC miner

Beijing-based mining hardware maker giant Bitmain claims that its upcoming Ethereum ASIC miner could outperform all rival equipment. The post Bitmain hints at hash rate specification of upcoming Ethereum ASIC miner appeared first on The Block.


21 days ago


Product update/release
Bitmain
Ethereum

Bitmain's new Ether ASIC mining rig may not fix GPU shortage after all

A new Ether ASIC mining rig is on the way, but will it help ease Nvidia's GPU problems?


23 days ago


Research
Bitmain

Bitmain is set to launch new Ethereum ASIC miner

Beijing-based crypto mining hardware manufacturer Bitmain is launching a new mining model on the Ethereum network. The post Bitmain is set to launch new Ethereum ASIC miner appeared first on The Block.


23 days ago


Product update/release
Bitmain
Ethereum
Ethereum Network

US firm splashes out on 4,800 Bitcoin miners worth $34M

A U.S. firm expects to double its Bitcoin hashing power after the purchase of 4,800 new S19J mining rigs from Bitmain.


a month ago


Investment
Bitcoin
Bitmain

Bitmain is suing MicroBT over a bitcoin mining hardware IP dispute – again

The world's two largest bitcoin mining hardware manufacturers are once again embroiled in an intellectual property dispute. The post Bitmain is suing MicroBT over a bitcoin mining hardware IP dispute – again appeared first on The Block.


a month ago


Regulation/Legal
Bitmain
Bitcoin