Bitmain now worth $12B

  • July 7, 2018
  • 1:28 pm ET

Bitmain has recently raised another $400 Million USD in their series B funding round which has placed their valuation somewhere near the $12 Billion USD mark, leaving many to wonder “Does Bitcoin belong to the public…?” Bitmain isn’t only a manufacturer of mining equipment, but also the operator of two enormous bitcoin mining pools: BTC.com…

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Bitmain has recently raised another $400 Million USD in their series B funding round which has placed their valuation somewhere near the $12 Billion USD mark, leaving many to wonder “Does Bitcoin belong to the public…?

Bitmain isn’t only a manufacturer of mining equipment, but also the operator of two enormous bitcoin mining pools: BTC.com and Antpool, and also owns a stake in the ViaBTC pool which is the third-largest mining pool in the network. It has been estimated by Bernstein Research that Bitmain’s margins lie between 65-75%, with their 2017 profits landing somewhere between $3 and $4 billion.

In addition to participating in Circle’s $110 Million investment round in May, Bitmain is getting ready to invest in Opera Ltd.’s $115 million IPO as well. It has been speculated that this powerhouse company could seek even more funding in the future.


Via Caixin • h/t Bitcoinist

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