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About Bitmain
Bitmain or Bitmain Technologies Ltd., is a privately owned company headquartered in Beijing, China, with offices in Shenzhen, Shanghai, Chengdu, Hong Kong, Fuzhou, US, Israel, Netherlands and Switzerland. It is the world’s largest manufacturer of ASIC chips for Bitcoin mining. The company also operates Antpool, historically one of the largest bitcoin mining pools.
Bitmain was founded by Jihan Wu and Micree Zhan in 2013. They originally met while Zhan was trying to raise money for the startup, however after discovering Bitcoin and becoming the first person to translate Satoshi Nakamoto’s Bitcoin white paper into Chinese, he approached Zhan for help in developing a new ASIC chip capable of mining bitcoin, at which point Bitmain was founded.
Bitmain is considering an IPO for producing capital to expand its producing hardware. The company completed its $1 billion pre-IPO registration with the Hong Kong Stock Exchange in August, and filed for IPO in September. Bitmain has been reported to be highly profitable, and had a net profit of $742.7 million in the first half of 2018, but operating cash flow is negative. The company grew 328.2% annually from 2015 to 2017.
Bitmain Details
Operating Status: Active
Business Type: Private
Founded: 2013
Headquarters: Beijing, China
CEO: Jihan Wu
Founders: Jihan Wu, Micree Zhan
Bitmain News
November 15th, 2018
In Russia, St. Petersburg took place one of the largest international blockchain, cryptocurrency and mining forum – Blockchain Life 2018.
October 26th, 2018
Bitfury is exploring a range of minority options like selling a minority stake or raise debt financing, to go public.
September 27th, 2018
As the company files for an IPO, it gives complete details on its corporate dealings, revenues and profits, as well as its operations across the globe.
August 31st, 2018
The most valuable crypto firm in the world, Bitmain, has revealed that its BTC.com subsidiary will soon open Ethereum and Ethereum Classic mining pools.
August 22nd, 2018
Few days after SoftBank and Tencent disputed their involvement in a widely reported pre-IPO investment round of Bitmain, DST Global denied investment in the giant’s IPO as well.
Latest Companies' News
on November 16th, 2018
Bitcoin billionaire Mike Novogratz explains another possible scenario to resurrect the cryptocurrency market, this time the real estate tokenization comes first.
November 16th, 2018
Smart Trade Coin is creating a powerful community of traders who will have a possibility to influence the future of the crypto world.
November 16th, 2018
November 16th, 2018
November 16th, 2018
November 16th, 2018
By Bhushan Akolkar on November 16th, 2018
BitGo recently added the Gemini Dollar (GUSD) to its list of stablecoin offering citing huge demand from institutional players.
By Sofiko Abeslamidze on November 14th, 2018
Cryptocurrency scams stand up on a new level as nowadays the biggest industry players are caught into a trap of the frequent Bitcoin frauds.
By Julia Sakovich on November 14th, 2018
A group of oil industry giants including Shell and BP are launching a blockchain platform to facilitate post-trade processes.
By Teuta Franjkovic on November 14th, 2018
Forbes released its annual 30 under 30 list that serves as as a reminder not only of the hard work and intelligence of young people changing the world, but also, how uneven success can be as a result of generational wealth and various privileges.
By Daria Rud on November 14th, 2018
According to Ripple’s CEO, at least 100 SWIFT-connected banks have signed on with Ripple, and the company will take over SWIFT because of using blockchain — the technology of the future.
