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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

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

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

863 items

B

Blockchain

3,543 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 3 CB Insights research briefs, most recently on Sep 30, 2021.

Latest Bitmain Technologies News

BTBT Stock: Why It Increased This Month

Oct 14, 2021

The stock price of Bit Digital Inc (NASDAQ: BTBT) saw its stock price increased by over 45% between Monday, October 4 and yesterday. This is why it happened. The stock price of bitcoin mining company  Bit Digital Inc (NASDAQ: BTBT) saw its stock price increased by over 45% between Monday, October 4 and yesterday. Investors appear to be responding positively to a couple of news reports from the company. On October 12, Bit Digital announced that it has signed agreements with Bitmain Technologies Limited to buy 10,000 Bitcoin mining hardware. The announced purchases are expected to increase Bit Digital’s miner fleet hash rate by over 1.0 Exahash (EH/s). And on October 5, Bit Digital had announced that it has closed its previously announced private placement with institutional investors for the sale of 13,490,728 ordinary shares. The company also issued to the investors unregistered warrants to purchase up to an aggregate of 10,118,046 ordinary shares. The purchase price for one ordinary share and one warrant to purchase three-fourths of an ordinary share is $5.93. And the warrants have an exercise price of $7.91 per whole ordinary share, are exercisable immediately, and have a term equal to three and one-half years following the effective date of the resale registration statement registering the ordinary shares and warrant shares. KEY QUOTE: “By contracting for these Bitmain units, we have opened a new channel in our procurement strategy, diversifying our access to miners. While we believe we continue to enjoy differentiated access to the miner spot market, and expect to continue our ongoing spot purchases, our deal with Bitmain is an efficient means to procure a large quantum of new miners on attractive terms. This is key, as we believe that scale is paramount in importance in the bitcoin mining business. We look forward to a productive ongoing customer relationship with Bitmain.” — Bryan Bullett, Bit Digital’s CEO “Bit Digital’s purchase of our Antminer products will help solidify the company as one of the key mining businesses in North America. The company’s purchase of our miners will assist in promoting their long-term goals and strategy as they continue to enhance their mining operations. We look forward to building a long-standing cooperation with Bit Digital.” — Irene Gao, Antminer Sales Director of NCSA Region, Bitmain Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.

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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