Bitmain

blockchainexchanges/trading platform

FOUNDING YEAR: 2013
LOCATION: China
Last Update: 01/05/2020

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About

Bitmain Technology Holding Company (“Bitmain”) is a semiconductor which offers products, including chips, servers, and cloud solutions, for blockchain and artificial intelligence (AI) applications.

Focus

PRODUCTS & SERVICES

The products offering of the company include - 1. Antminer - It is a powerful miner which has a hash rate of 12.93TH/s -+ 7% and can generate 0.5 Bitcoins every month. 2. Antpool - It is a mining pool based in China are groups of cooperating miners who agree to share block rewards in proportion to their contributed mining hash power. While mining pools are desirable to the average miner as they smooth out rewards and make them more predictable, they unfortunately concentrate power to the mining pool’s owner. 3. BTC.com - It provides an easy to use and popular block explorer, mining pool, secure mobile and web wallet Android Wallet iOS Wallet which allows

REVENUE MODEL

The company earns by charging fixed fee which is $0.5. The fee differs depending on the region.

MAIN CLIENTS

The company provides its solutions for retail customers

merchants

charity institutions

gaming zones and sports betting clubs

vending machine operators

etc.

Traction

VALUATION / MARKET CAP:

$15 B in 2018

People

FOUNDERS

Wu Jihan

BOARD MEMBERS AND ADVISORS

Wu Jihan

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Coatue Management

EDBI

IDG Capital

ING

Sequoia Capital

SoftBank

Tencent Holdings Limited

KEY EMPLOYEES:

Wu Jihan (CEO)

Momentum

FUNDED

YES

TOTAL FUNDING

$1.45 B

DATE OF LAST FUNDING

Aug 2018

FUNDING SERIES

SERIES A  · $50 M  · Sep 2017

SERIES B  · $400 M  · Jun 2018

SERIES C  · $1 B  · Aug 2018

LISTED

NO

COMMENT

As per the source, the company is planning applying for the IPO through the Hong-Kong Stock Exchange in the month of September 2018.

BASICS

FOUNDING YEAR:

2013

LOCATION:

China

Views:

105 VISITORS | 167 VIEWS
LATEST FUNDING ROUND

$1.45 B

TOTAL EMPLOYEES
51-200

About

Bitmain Technology Holding Company (“Bitmain”) is a semiconductor which offers products, including chips, servers, and cloud solutions, for blockchain and artificial intelligence (AI) applications.

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