BITMAIN

Beijing, China Founded: 2013 • Age: 13 yrs
Hardware solutions for cryptocurrency mining are developed.
Annual revenue $1,704 Latest available
Total funding $950.0M 3 rounds
Employees - Tracked headcount
Investors 5 Known backers
Products - Services tracked
Competitors 9 Brand Intelligence

About BITMAIN

BITMAIN is a company based in Beijing (China) founded in 2013 by Micree Zhan. BITMAIN has raised $950 million across 3 funding rounds from investors including ING, Sequoia Capital and Coatue. BITMAIN has completed 3 acquisitions, including Blocktrail, CoinDesk and Hashnest. BITMAIN operates in a competitive market with competitors including Helium, Argo Blockchain, Marathon Digital Holdings, Bitfury and Wicrypt, among others.

  • Headquarter Beijing, China
  • Founders Micree Zhan
  • Stage Decacorn
  • Sectors
    Technology
    Financial Services
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Cvs Power Project Private Limited
  • Date of Incorporation 27 Feb, 2017
  • Jurisdiction Rohtak, Haryana, India
Operational Areas
Technology → Blockchain, Web3 & Digital Assets Unlock Sub-Sector Unlock Segment
Financial Services → FinTech & Digital Finance Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $1.7 K (USD)
    -94.92
    as on Mar 31, 2022
  • Net Profit
    -$2.08 K (USD)
    -848.35
    as on Mar 31, 2022
  • EBITDA
    -$2.2 K (USD)
    -121.13
    as on Mar 31, 2022
  • Total Equity Funding
    $950 M (USD)

    in 3 rounds

  • Latest Funding Round
    $560 M (USD), Series C

    Aug 13, 2018

  • Investors
    ING

    & 4 more

  • Employee Count
    Not available
  • Investments & Acquisitions
    Blocktrail

    & 2 more

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People of BITMAIN

Headcount 200-500
Employee Profiles 55
Employee Profiles
People
Louis Lin
Sr Manager
People
Adolph Sun
Researcher Of POW Academy
People
Jonathan Jungers
Senior Business Development Manager
People
Gaio Doria
Senior Sales Manager

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Funding Insights of BITMAIN

BITMAIN has successfully raised a total of $950M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $560 million completed in August 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

Investors in BITMAIN

BITMAIN has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include ING, Sequoia Capital and Coatue.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Sequoia Capital is engaged in venture capital investments.
Locked Locked Locked
Provider of an investment platform for various stages
Locked Locked Locked
Government-backed investments are directed toward healthcare, fintech, and various sectors.
Locked Locked Locked
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Investor details for BITMAIN

Investor domains, locations, round participation, and complete history require an active premium plan.

  • Investor domains
  • Investor locations
  • Funding rounds
  • Participation history

Verified entity values are shown only after access is granted.

Investments & Acquisitions by BITMAIN

BITMAIN has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Blocktrail, CoinDesk and Hashnest.

Investments
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Investment portfolio details for BITMAIN

Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.

  • Portfolio identities
  • Transaction dates
  • Round details
  • Investment values

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Acquisitions
Company Name Description Domain Location Founded Year Amount
Bitcoin wallet, API, and blockchain explorer services are provided.
Locked Locked 2014 Locked
Cryptocurrency news and analysis are delivered via an online platform.
Locked Locked 2013 Locked
Cloud mining contracts for Bitcoin and contract exchange are provided.
Locked Locked 2013 Locked
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Complete acquisition details for BITMAIN

Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.

  • Transaction dates
  • Acquired stakes
  • Disclosed values
  • Domains and locations

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Financial Statements - BITMAIN

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Detailed financials for BITMAIN

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  • Historical revenue
  • Profit trends
  • Statement rows
  • Financial ratios

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Bitmain Comparisons

BITMAIN Primary company
Description
Hardware solutions for cryptocurrency mining are developed.
Location
Beijing, China
Founded Year
2013
Annual Revenue
$1.7 K (USD)
Net Profit
-$2.08 K (USD)
EBITDA
-$2.2 K (USD)
Employees
Not available
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Peer comparison for BITMAIN

Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.

  • Named peers
  • Headcount comparison
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  • Operating benchmarks

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Competitors of BITMAIN

BITMAIN operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Helium, Argo Blockchain, Marathon Digital Holdings, Bitfury and Wicrypt, among others.

Company Name Domain Founded year HQ Location Description
Locked Locked Locked
Cryptocurrency mining hardware is provided, connecting low-powered devices to gateways.
Locked Locked Locked
Sustainable Bitcoin mining and blockchain development solutions are provided.
Locked Locked Locked
Data centers for digital assets and energy solutions are operated.
Locked Locked Locked
Cryptocurrency mining solutions are provided through AI and blockchain platforms.
Locked Locked Locked
Wireless hotspot cryptocurrency mining
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Detailed competitors of BITMAIN

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  • Domains and locations
  • Full company profiles
  • Operating metrics
  • Competitive positioning

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Latest news on Bitmain

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Complete news archive for BITMAIN

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  • Full article archive
  • Source and publication date
  • Older coverage
  • Brand-specific news history

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Frequently Asked Questions about BITMAIN

BITMAIN was founded in 2013 and raised its 1st funding round 4 years after it was founded.

BITMAIN is headquartered in Beijing, China.

Micree Zhan is the current CEO of BITMAIN. They have also founded this company.

BITMAIN is a funded company, having raised a total of $950M across 3 funding rounds to date.

Annual revenue of BITMAIN is $1.7K as on Mar 31, 2022.

BITMAIN was founded in 2013 in Beijing, China, within the blockchain and artificial intelligence sectors. Application-specific integrated circuit miners are provided for Bitcoin mining operations. Cloud-based platforms are offered to support blockchain applications and AI processing. Hardware and software solutions are focused on cryptocurrency mining efficiency across global markets.

BITMAIN's top competitors include Helium, Argo Blockchain and Marathon Digital Holdings.

BITMAIN has made 3 acquisitions, including Blocktrail, CoinDesk, and Hashnest.

BITMAIN has 5 investors. Key investors include ING, Sequoia Capital, Coatue, EDBI, and IDG Capital.

The valuation of BITMAIN is $14.5B as of Aug 2018.

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