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Bitmain Technologies company logo
Corporation
COMPUTER HARDWARE & SERVICES | Specialty Computer Hardware
bitmain.com

Investments

37

Portfolio Exits

6

Partners & Customers

10

About Bitmain Technologies

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

Headquarters 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

1,050 items

B

Blockchain

3,907 items

B

Blockchain 50

50 items

S

Semiconductors, Chips, and Advanced Electronics

5,973 items

Companies in this collection develop everything from microprocessors to flash memory, integrated circuits specifically for quantum computing and artificial intelligence to OLED for displays, massive production fabs to circuit design firms, and everything in between.

Research containing Bitmain Technologies

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

CB Insights Intelligence Analysts have mentioned Bitmain Technologies in 8 CB Insights research briefs, most recently on Mar 1, 2022.

Latest Bitmain Technologies News

BitNile Plans to Expand the Power Capacity of Its Michigan Data Center to 300 Megawatts

Mar 7, 2022

The Increased Power Capacity at the Facility Would Accommodate Approximately 90,000 of the Latest Generation Bitcoin Miners Providing an Annualized Mining Capacity of Approximately 19,600 Bitcoin Download BitNile, Inc. Bitcoin mining pods at Michigan Data Center (Photo: Business Wire) March 07, 2022 06:30 AM Eastern Standard Time LAS VEGAS--( BUSINESS WIRE )-- BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company (“BitNile” or the “Company”) today announced that it plans to expand the power capacity at its Michigan data center (the “Facility”) to 300 megawatts (“MW”), which would enable Bitcoin mining operations at the Facility to operate approximately 90,000 Bitcoin miners. Upon the installation of the entirety of the approximately 90,000 Bitcoin miners, the Company’s Bitcoin mining production capacity is anticipated to be approximately 12 exahash per second (EH/s), representing an estimated annualized Bitcoin mining production capacity of approximately 19,600 Bitcoin, or $779 million based on a Bitcoin market price of $41,000 and current market conditions, including a mining difficulty level of 27.55 trillion. The planned expansion of power capacity, if accomplished, would support the Company’s goal to become one of the top ten publicly traded Bitcoin mining companies in the country. The Company has entered into agreements to purchase Bitcoin mining equipment from Bitmain Technologies, Ltd. (“Bitmain”) and currently has approximately 2,160 active S19j Pro Antminers at the Facility with 300 Bitcoin miners in transit and 18,140 Bitcoin miners on order with presently scheduled monthly deliveries from Bitmain through December 2022. The Facility comprises 617,000 square feet and was recently renovated to provide for a 30,000 square foot data center (“Data Center”). To date the Company has spent over $100 million on procuring mining equipment and upgrading the Data Center. The planned power expansion is part of a multi-year power agreement with a nuclear plant that provides power at a competitive rate for Bitcoin mining coupled with planned “green” alternative power sources. The Company has not yet entered into this power agreement but expects to do so in the near future. Actual energy delivered by the utility would, within 18 to 24 months, come from approximately 85% emission-free sources. BitNile is exploring off-grid cogeneration of power to extend its overall capacity beyond 300MW. The Company’s Founder and Executive Chairman, Milton “Todd” Ault, III stated, “We understand the potential of the Facility and its infrastructure and look forward to a steady progression in Bitcoin mining production and revenue. The planned expansion of the power capacity at the Facility to 300MW over the next 18 to 24 months would, if achieved, enable BitNile to grow its existing partnership with Bitmain while potentially attracting other strategic joint-venture partners, a key component to realizing the full value of the Facility, including its Data Center.” BitNile publishes monthly unaudited updates on Bitcoin production and miner installation at www.BitNile.com . While the Company believes that the future operations of the Facility and its cryptocurrency mining operations will be successful, the Company hereby cautions you that all estimates and other projections are subject to several factors including, but not limited to, its ability to acquire financing on acceptable terms, the availability and actual delivery of Bitcoin miners, the ability of the Company to expand the Facility’s infrastructure, finalizing the service delivery agreement with the power company as well as purchasing and installing transformers, step-down units, switches, and cables. During the planned expansion of power at the Facility, the Company may be required to utilize third-party data center services to power a portion of its incremental miners. Additionally, the Company informs you that Bitcoin market prices are subject to significant volatility and that Bitcoin mining operations are subject to fluctuations in mining difficulty. Further, there are other factors that could adversely impact the Company’s mining operations such as the possible effect of regulators focusing on digital assets and digital securities and the costs associated with such regulatory oversight. For more information on BitNile Holdings and its subsidiaries, BitNile recommends that stockholders, investors, and any other interested parties read BitNile’s public filings and press releases available under the Investor Relations section at www.BitNile.com or available at www.sec.gov . About BitNile Holdings, Inc. BitNile Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, BitNile owns and operates a data center at which it mines Bitcoin and provides mission-critical products that support a diverse range of industries, including defense/aerospace, industrial, automotive, telecommunications, medical/biopharma, and textiles. In addition, BitNile extends credit to select entrepreneurial businesses through a licensed lending subsidiary. BitNile’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.BitNile.com . Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.BitNile.com . Contacts

Bitmain Technologies Investments

37 Investments

Bitmain Technologies has made 37 investments. Their latest investment was in Casue Technology as part of their Corporate Minority on December 12, 2021.

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Bitmain Technologies Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/3/2021

Corporate Minority

Casue Technology

Yes

2

8/3/2021

PIPE

Applied Blockchain

$32.5M

Yes

2

4/7/2021

Corporate Minority

BitFuFu

Yes

1

3/8/2021

Seed

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10

4/29/2020

Seed

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10

Date

12/3/2021

8/3/2021

4/7/2021

3/8/2021

4/29/2020

Round

Corporate Minority

PIPE

Corporate Minority

Seed

Seed

Company

Casue Technology

Applied Blockchain

BitFuFu

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Amount

$32.5M

New?

Yes

Yes

Yes

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Co-Investors

Sources

2

2

1

10

10

Bitmain Technologies Portfolio Exits

6 Portfolio Exits

Bitmain Technologies has 6 portfolio exits. Their latest portfolio exit was Circle on February 17, 2022.

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

2/17/2022

Acq - Pending

$99M

3

2/2/2022

Acquired

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10

1/25/2022

Acq - Pending

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10

9/28/2021

Acq - Pending

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$99M

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10

5/6/2021

Acquired

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$99M

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10

Date

2/17/2022

2/2/2022

1/25/2022

9/28/2021

5/6/2021

Exit

Acq - Pending

Acquired

Acq - Pending

Acq - Pending

Acquired

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

3

10

10

10

10

Bitmain Technologies Acquisitions

5 Acquisitions

Bitmain Technologies acquired 5 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

$99M

Acquired

1

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 / Angel

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$99M

$99M

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10

7/19/2016

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$99M

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10

Date

8/13/2021

10/2/2018

8/1/2018

12/8/2017

7/19/2016

Investment Stage

Seed / Angel

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$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 merkle standard on February 2, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

2/9/2022

Client

Merkle Standard Chosen as Launch Customer, Orders 4,449 of Newest BITMAIN 188 TH/S S19 + “Hydro” Mining Rigs

`` As BITMAIN continues to bring cutting edge technology to market , we are excited to partner with Merkle Standard who is committed to prioritizing efficiency and sustainability within its mining operations '' , says Irene Gao from BITMAIN

2

12/23/2021

Client

United States

Marathon Digital Holdings Announces Bitcoin Production and Mining Operation Updates for December 2021

On December 23 , 2021 , Marathon Digital Holdings announced that it had entered into a contract with BITMAIN to purchase a record number of ANTMINER S19 XP bitcoin miners , all of which are currently expected to ship from BITMAIN between July 2022 and December 2022 .

1

12/21/2021

Client

United States

TeraWulf Purchases 15,000 S19 XP Pro Miners from Bitmain. TeraWulf 's Largest Order of Next-Generation Bitcoin Mining Machines. TeraWulf Expects to Begin Mining Operations During First Quarter of 2022.

`` This purchase from Bitmain Technologies Limited , which is TeraWulf 's largest order of the next-generation bitcoin mining machines , signifies our close relationship with Bitmain Technologies Limited and our ability to procure significant quantities of miners as we grow our operating capacity .

1

8/13/2021

Client

Canada

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10

7/9/2021

Client

United States

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10

Date

2/9/2022

12/23/2021

12/21/2021

8/13/2021

7/9/2021

Type

Client

Client

Client

Client

Client

Business Partner

Country

United States

United States

Canada

United States

News Snippet

Merkle Standard Chosen as Launch Customer, Orders 4,449 of Newest BITMAIN 188 TH/S S19 + “Hydro” Mining Rigs

`` As BITMAIN continues to bring cutting edge technology to market , we are excited to partner with Merkle Standard who is committed to prioritizing efficiency and sustainability within its mining operations '' , says Irene Gao from BITMAIN

Marathon Digital Holdings Announces Bitcoin Production and Mining Operation Updates for December 2021

On December 23 , 2021 , Marathon Digital Holdings announced that it had entered into a contract with BITMAIN to purchase a record number of ANTMINER S19 XP bitcoin miners , all of which are currently expected to ship from BITMAIN between July 2022 and December 2022 .

TeraWulf Purchases 15,000 S19 XP Pro Miners from Bitmain. TeraWulf 's Largest Order of Next-Generation Bitcoin Mining Machines. TeraWulf Expects to Begin Mining Operations During First Quarter of 2022.

`` This purchase from Bitmain Technologies Limited , which is TeraWulf 's largest order of the next-generation bitcoin mining machines , signifies our close relationship with Bitmain Technologies Limited and our ability to procure significant quantities of miners as we grow our operating capacity .

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Sources

2

1

1

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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