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Bitmain, a leading Bitcoin mining company based in China, was valued at $ 12 billion following the recent close of a round of B-Series financing.
Caixin reports that the ride has reported between 300 and 400 million dollars. new funds, led by Coatue US hedge fund, Sequoia Capital China, and EDBI, an investment fund backed by the Singapore government.
It's time to buy the dip
This In July 2017, Sequoia was among the main contributors to this tour de table, with IDG Capital.
The firm also plans to conduct a round of financing before the IPO, but no specific detail has been given as to when this will occur. If the plans are confirmed, Bitmain will join the ranks of Ebang Communication and Canaan Creative, two other Chinese mining companies that have both applied to hold IPOs on the Hong Kong Stock Exchange.
Bitmain seems to develop his power
Bitmain, who was also named as one of the 21 EOS block producers earlier this week, is recognized by badysts as the most powerful mining force on the blockchain Bitcoin
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In addition to sales of large volumes of ASIC chips and mining devices "Antminer", Bitmain also controls AntPool and BTC.com, two mining pools that Etherheum World News reports controlling 15% and 23% percent of the hashpower on the Bitcoin network, respectively. Bitmain also owns shares in ViaBTC, which would control about 10% of the Bitcoin hash power.
I just heard about QA! 77 miners, with a minimum of 10kSol / s ± 5%, pbaded the tests (peak ratio). We will ship them on a first-pay-first basis (peak payment terms) as soon as customs formalities and paperwork are completed. Stay tuned # Z9QA pic.twitter.com/Rxdh2wSk2J
– BITMAIN [Not giving away ETH] (@BITMAINtech) May 27, 2018
Theoretically, the holdings The company in hash power would allow it to carry out a 51% attack. However, Bitmain co-founder Jihan Wu says Bitmain would be stupid to carry out such an attack because of the economic losses that would result.
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