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Corporation
COMPUTER HARDWARE & SERVICES | Specialty Computer Hardware
bitmain.com

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Investments

35

Portfolio Exits

4

Partners & Customers

10

About Bitmain Technologies

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

Bitmain Technologies Headquarter Location

Building 25, North Olympic Science & Technology Park Baosheng South Road, Haidian District

Beijing, Beijing, 100029,

China

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Expert Collections containing Bitmain Technologies

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Bitmain Technologies in 4 Expert Collections, including Unicorns- Billion Dollar Startups.

U

Unicorns- Billion Dollar Startups

865 items

B

Blockchain

3,526 items

S

Sequoia Capital China Investments 2018-2019

149 items

B

Blockchain 50 (2020)

50 items

Bitmain Technologies Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Bitmain Technologies Rank

Research containing Bitmain Technologies

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Bitmain Technologies in 9 CB Insights research briefs, most recently on Sep 30, 2021.

Latest Bitmain Technologies News

U.S. Becomes the Largest Bitcoin Mining Hub After China Bans Cryptocurrency

Oct 19, 2021

The United States surpassed China and has become the world’s headquarters for Bitcoin mining The U.S. has become one of the main hubs of the Bitcoin mining market. This is in large part due to the Chinese government’s crackdown on cryptocurrencies . Local agencies, including the country’s securities regulator and the People’s Bank of China (PBOC), recently said in a statement that all cryptocurrency-related business activities are illegal and promised to punish illicit activities involving digital currencies . As a result, the U.S. now has the largest share of global Bitcoin mining networks, according to data from the University of Cambridge. The price of Bitcoin climbed above the US$60,000 mark on 8th October, Friday as investors and traders anticipate that the U.S. regulators will clear the first Bitcoin futures exchange-traded fund. According to a report by CNBC, the ProShares Bitcoin Strategy ETF is scheduled to debut at the New York Stock Exchange, and experts believe the SEC is unlikely to object to the product. As a result of the crypto boom that occurred earlier this year, many companies and organizations like ISW Holdings Inc., Riot Blockchain, Inc., Sphere 3D Corp., SOS Limited, HIVE Blockchain Technologies Ltd. have become noticeably more open to blockchain technology and cryptocurrencies. ISW Holdings Inc. (OTC: ISWH), transitioning to “BlockQuarry,” pending name change, announced last month for current and prospective shareholders with a more detailed discussion about, “the company’s recent landmark deal with Bitmain Technologies (“Bitmain”), the world’s leading producer of cryptocurrency mining hardware and a leading global cryptocurrency mining firm. The Company is currently running 700 miners, representing a mix of Bitmain Antminer S17’s, BitMain S19 95TH/ s’s, and Canaan Avalons. Those miners are running in POD5 units in Stronghold, Pennsylvania at a site managed by Bit5ive. Riot Blockchain, Inc. (NASDAQ: RIOT) announced last month its September production and operations updates, including its unaudited Bitcoin production for September 2021 and its miner shipping/deployment status. In September 2021, Riot produced 406 BTC, an increase of approximately 346% over its September 2020 production of 91 BTC. Year to date through September 2021, the company produced a total of 2,457 BTC, an increase of approximately 236% over its BTC production during the same 2020 period of 731 BTC. Sphere 3D Corp. (NASDAQ: ANY) announced this June that it has entered into an Agreement and Plan of Merger with Gryphon Digital Mining Inc. (“Gryphon”), a privately-held company focused on the mining of Bitcoin using renewable energy. Upon completion of the merger, the company will change its name to Gryphon Digital Mining Inc. The merged company will focus on expanding Gryphon’s digital mining operations and utilize Sphere 3D’s proprietary enterprise solutions to optimize Gryphon’s processes. “Gryphon’s future focus on mining using 100% renewable energy will set the bar for mining companies of the future. SOS Limited (NYSE: SOS) reported back in June that it has entered into a joint venture agreement with Niagara Development LLC (“Niagara Development ”), a New Jersey limited liability company, for a joint venture to be based in Niagara, Wisconsin. The joint venture, FD LLC, is expected to carry out cryptocurrency mining operations and construct an international standardized Digital SuperComputing Custody Operation Center. Under terms of the agreement, Niagara Development will be responsible for providing up to 150MW of electricity, including electricity generated from renewable sources, and construction of the Digital SuperComputing Custody Operation Center. SOS will be responsible for the management, operations, and financing of the joint venture. SOS remains committed to its blockchain strategy and strives to become a sustainability leader in the industry. HIVE Blockchain Technologies Ltd. (NASDAQ: HVBT) reported last month that it has ordered 1,800 Antminer S19j Pro miners from Bitmain Technologies Ltd. (“Bitmain”). These new miners have an aggregate hash power of 180 Petahash per second (PH/s). HIVE is proud to reconnect with Bitmain, one of the leading manufacturers in the industry and is excited to make this initial order of S19j Pro miners from Bitmain. These 1,800 miners are the first of its 2022 mining purchase program and will be delivered in 6 equal tranches of 300 miners, commencing in January 2022 through June 2022.

Bitmain Technologies Investments

35 Investments

Bitmain Technologies has made 35 investments. Their latest investment was in Applied Blockchain as part of their PIPE on August 8, 2021.

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Bitmain Technologies Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/3/2021

PIPE

Applied Blockchain

$32.5M

Yes

2

4/7/2021

Corporate Minority

BitFuFu

Yes

1

3/8/2021

Seed

Bertex

Yes

1

4/29/2020

Seed

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$99M

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10

9/18/2019

Seed

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$99M

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10

Date

8/3/2021

4/7/2021

3/8/2021

4/29/2020

9/18/2019

Round

PIPE

Corporate Minority

Seed

Seed

Seed

Company

Applied Blockchain

BitFuFu

Bertex

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Amount

$32.5M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

2

1

1

10

10

Bitmain Technologies Portfolio Exits

4 Portfolio Exits

Bitmain Technologies has 4 portfolio exits. Their latest portfolio exit was Seek Tech on September 28, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

9/28/2021

Acq - Pending

$991

2

00/00/0000

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$991

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10

00/00/0000

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$991

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10

00/00/0000

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10

Date

9/28/2021

00/00/0000

00/00/0000

00/00/0000

Exit

Acq - Pending

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Companies

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Valuation

$991

$991

$991

Acquirer

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Sources

2

10

10

10

Bitmain Technologies Acquisitions

6 Acquisitions

Bitmain Technologies acquired 6 companies. Their latest acquisition was Aipu Electronics on August 13, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

8/13/2021

Acquired

1

5/7/2019

Private Equity

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$99M

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10

10/2/2018

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$99M

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10

8/1/2018

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$99M

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10

12/8/2017

Seed VC - II

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$99M

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10

Date

8/13/2021

5/7/2019

10/2/2018

8/1/2018

12/8/2017

Investment Stage

Private Equity

Seed VC - II

Companies

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Valuation

Total Funding

$99M

$99M

$99M

$99M

Note

Acquired

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Sources

1

10

10

10

10

Bitmain Technologies Partners & Customers

10 Partners and customers

Bitmain Technologies has 10 strategic partners and customers. Bitmain Technologies recently partnered with HIVE Blockchain on August 8, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

8/13/2021

Client

HIVE Blockchain

Canada

HIVE Blockchain Orders 1,800 More Bitcoin Miners

The deal is the first to emerge from HIVE Blockchain 's new partnership with Bitmain Technologies .

1

5/16/2021

Vendor

Taiwan Semiconductor Manufacturing

Taiwan

Report: ASIC Giant Bitmain Pre-Orders 5nm Chips Produced by TSMC’s N5 Process

Taiwan Semiconductor Manufacturing Company has reportedly been contracted by Bitmain so the company can leverage the foundry 's N5 fabrication process .

2

2/22/2021

Partner

BitFuFu

China

BitFuFu Officially Endorsed by Bitmain as Standardized Crypto Mining Platform

BitFuFu , the first crypto mining standardization platform , officially announces a strategic partnership with Bitmain , the largest crypto mining company .

6

12/9/2020

Client

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10

9/17/2020

Partner

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10

Date

8/13/2021

5/16/2021

2/22/2021

12/9/2020

9/17/2020

Type

Client

Vendor

Partner

Client

Partner

Business Partner

HIVE Blockchain

Taiwan Semiconductor Manufacturing

BitFuFu

Country

Canada

Taiwan

China

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News Snippet

HIVE Blockchain Orders 1,800 More Bitcoin Miners

The deal is the first to emerge from HIVE Blockchain 's new partnership with Bitmain Technologies .

Report: ASIC Giant Bitmain Pre-Orders 5nm Chips Produced by TSMC’s N5 Process

Taiwan Semiconductor Manufacturing Company has reportedly been contracted by Bitmain so the company can leverage the foundry 's N5 fabrication process .

BitFuFu Officially Endorsed by Bitmain as Standardized Crypto Mining Platform

BitFuFu , the first crypto mining standardization platform , officially announces a strategic partnership with Bitmain , the largest crypto mining company .

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Sources

1

2

6

10

10

Bitmain Technologies Team

1 Team Member

Bitmain Technologies has 1 team member, including former Chief Investment Officer, Yuesheng Ge.

Name

Work History

Title

Status

Yuesheng Ge

Chief Investment Officer

Former

Name

Yuesheng Ge

Work History

Title

Chief Investment Officer

Status

Former

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