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
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Sectors
TechnologyFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Cvs Power Project Private Limited
- Date of Incorporation 27 Feb, 2017
- Jurisdiction Rohtak, Haryana, India
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Annual Revenue
$1.7 K (USD)-94.92as on Mar 31, 2022
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Net Profit
$-2.08 K (USD)-848.35as on Mar 31, 2022
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EBITDA
$-2.2 K (USD)-121.13as on Mar 31, 2022
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Total Equity Funding
$950 M (USD)
in 3 rounds
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Latest Funding Round
$560 M (USD), Series C
Aug 13, 2018
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Investors
ING
& 4 more
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Employee Count
Employee Count
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Investments & Acquisitions
Blocktrail
& 2 more
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Sales and Marketing
15 people
Software Development Team
8 people
Creative and Marketing Team
6 people
Leadership Team
4 people
Project Team
2 people
Head Team
2 people
Finance and Accounting
2 people
Human Resources and Administration
2 people
Unlock access to complete
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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series C — $560.0M
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First Round
First Round
(04 Sep 2017)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2018 | Amount | Series C - BITMAIN | Valuation |
investors |
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| Jul, 2018 | Amount | Series B - BITMAIN | Valuation | Sequoia Capital , Coatue |
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| Sep, 2017 | Amount | Series A - BITMAIN | Valuation | Sequoia Capital , IDG Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Provider of an investment platform for various stages
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Founded Year | Domain | Location | |
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Government-backed investments are directed toward healthcare, fintech, and various sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by BITMAIN
BITMAIN has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Blocktrail, CoinDesk and Hashnest. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bitcoin wallet, API, and blockchain explorer services are provided.
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2014 | ||||
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Cryptocurrency news and analysis are delivered via an online platform.
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2013 | ||||
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Cloud mining contracts for Bitcoin and contract exchange are provided.
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - BITMAIN
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bitmain Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cryptocurrency mining hardware is provided, connecting low-powered devices to gateways.
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| domain | founded_year | HQ Location |
Sustainable Bitcoin mining and blockchain development solutions are provided.
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| domain | founded_year | HQ Location |
Data centers for digital assets and energy solutions are operated.
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| domain | founded_year | HQ Location |
Cryptocurrency mining solutions are provided through AI and blockchain platforms.
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| domain | founded_year | HQ Location |
Wireless hotspot cryptocurrency mining
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bitmain
Frequently Asked Questions about BITMAIN
When was BITMAIN founded?
BITMAIN was founded in 2013 and raised its 1st funding round 4 years after it was founded.
Where is BITMAIN located?
BITMAIN is headquartered in Beijing, China.
Who is the current CEO of BITMAIN?
Micree Zhan is the current CEO of BITMAIN. They have also founded this company.
Is BITMAIN a funded company?
BITMAIN is a funded company, having raised a total of $950M across 3 funding rounds to date. The company's 1st funding round was a Series A of $50M, raised on Sep 04, 2017.
What is the annual revenue of BITMAIN?
Annual revenue of BITMAIN is $1.7K as on Mar 31, 2022.
What does BITMAIN do?
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.
Who are the top competitors of BITMAIN?
BITMAIN's top competitors include Helium, Argo Blockchain and Marathon Digital Holdings.
How many acquisitions has BITMAIN made?
BITMAIN has made 3 acquisitions, including Blocktrail, CoinDesk, and Hashnest.
Who are BITMAIN's investors?
BITMAIN has 5 investors. Key investors include ING, Sequoia Capital, Coatue, EDBI, and IDG Capital.
What is BITMAIN's valuation?
The valuation of BITMAIN is $14.5B as of Aug 2018.