About BITMAIN
BITMAIN is a Technology company based in Beijing (China) founded in 2013 by Micree Zhan and Jihan Wu. Hardware solutions for cryptocurrency mining are developed. It operates in the Technology and Financial Services sectors. BITMAIN has raised $950 million across 3 funding rounds from investors including ING, Lightspeed Venture Partners and Integrated Ventures. The company has 435 employees. BITMAIN has completed 3 acquisitions, including Blocktrail, CoinDesk and Hashnest. BITMAIN was last valued at $14.5 billion in August 2018. Its chief executive, as recorded, is Micree Zhan. Its website bitmain.com draws about 267 thousand monthly visits. Its Indian entity Cvs Power Project Private Limited reported revenue of ₹1.4 Lakh. Its focus areas include High Tech, Blockchain Infrastructure, Mining and Hardware.
Company details
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.
- Headquarters Beijing, China
- Employees 435
- Founders Micree Zhan, Jihan Wu
- Stage Decacorn
- SectorsTechnologyFinancial Services
- Website category Finance
- Email••••••••
- Website bitmain.com
- Social LinkedIn X Facebook
- Legal Name Cvs Power Project Private Limited
- Date of Incorporation 27 Feb, 2017
- Jurisdiction Rohtak, Haryana, India
- Indian entity revenue₹1.4 Lakh
FY 2022 · -95% YoY
- Indian entity net loss-₹1.7 Lakh
FY 2022 · -122% margin
- Indian entity EBITDA-₹1.8 Lakh
FY 2022 · -129% margin
- Total Equity Funding$950M (USD)
in 3 rounds
- Latest Funding Round$560M (USD), Series C
Aug 2018
- InvestorsING
& 20 more
- Employee Count435
- Investments & AcquisitionsBlocktrail
& 2 more
Associated legal entities of BITMAIN
BITMAIN operates through Cvs Power Project Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Cvs Power Project Private Limited CIN U40200HR2017PTC067878 | Active | 27 Feb 2017 | Rohtak, Haryana | ₹0.0 Cr | 3 | View details |
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 $950M
- Total Rounds 3
- Last Round Series C — $560M
- First Round $50M
(Sep 2017)
- Investors Count 21
All 3 funding rounds of BITMAIN with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2018 | $560M | Series C | $14.5B | – | – |
| Jul 2018 | $340M | Series B | $12B | Sequoia Capital, Coatue | – |
| Sep 2017 | $50M | Series A | $••••• | Sequoia Capital, IDG Capital |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2018 | $14.5B | •••••••• |
| Jul 2018 | $12B | •••••••• |
| Sep 2017 | $••••• | •••••••• |
Full valuation and stage history of BITMAIN
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
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Last known valuation $14.5B (Aug 2018). 21 investors in total: 21 institutional.
Investors in BITMAIN
BITMAIN has secured backing from 21 investors, including venture fund and institutional investors. Prominent investors backing the company include ING, Lightspeed Venture Partners and Integrated Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Sequoia Capital is engaged in venture capital investments. | 1972 | sequoiacap.com | ||
Provider of an investment platform for various stages | coatue.com | New York, United States | ||
Government-backed investments are directed toward healthcare, fintech, and various sectors. | edbi.com | Singapore, Singapore | ||
Venture capital firm | idgcapital.com | New York, United States | ||
Private equity fund focused on multiple sectors | rencentcap.com | Qingdao, China | ||
Venture capital investment firm | palmdrive.vc | New York, United States | ||
Early-stage tech investments are targeted in China and the US. | sinovationventures.com | Beijing, China | ||
Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners. | 1997 | lsvp.com | Menlo Park, United States | |
Early-stage tech and energy investments are focused on China. | gtvc.cc | Beijing, China | ||
Investments in crypto companies are made by Evernew Capital. | evernewcap.com |
Investor details for BITMAIN
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Cvs Power Project Private Limited (BITMAIN)
Cvs Power Project Private Limited is the primary company behind BITMAIN. The board of Cvs Power Project Private Limited currently have 3 directors; the longest-serving is Sandeep Khokhar, appointed in 2017.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sandeep Khokhar DIN 07698177 | Director | 27 Feb 2017 | 9 yrs 8 mo | Cvs Power Project Private Limited |
| Satender DIN 07698181 | Director | 27 Feb 2017 | 9 yrs 8 mo | Cvs Power Project Private Limited |
| Chetan Bhardwaj DIN 07561026 | Director | 27 Feb 2017 | 9 yrs 8 mo | Cvs Power Project Private Limited |
People of BITMAIN
52 people are tracked at BITMAIN (14 in leadership, 38 in team); the tracked headcount is 435.
| Name | Role | Group |
|---|---|---|
Micree Zhan | Co-Founder & CEO | Leadership |
Jihan Wu | Founder | Leadership |
Jason(Zheng) Shang | General Manager, Global Mining Operation | Leadership |
Mark Rosenfield | Chief Executive Officer | Leadership |
Charlie D. | Head of North America Operation | Leadership |
Max Hua | Chief Financial Officer | Leadership |
Simon Y Wang | BD Director | Leadership |
SUO Sara | Human Resources Director | Leadership |
Yifan(Evan) Hu | Sales Director - North America | Leadership |
Yuming Liu | Head Of Pow Ecosystem Department | Leadership |
Yanfeng Wang | VP Of R&d | Leadership |
Simon R. | Sales Director, North America | Leadership |
Eric Wang | Overseas Operations Director @AntPool - Mining Pool | Leadership |
Jeson Chang | Analog Technical Director/Engineer | Leadership |
Louis Lin | Sr Manager | Team |
Hao Lv | IC design&Verification Engineer | Team |
Adolph Sun | Researcher Of POW Academy | Team |
Jonathan Jungers | Senior Business Development Manager | Team |
Gaio Doria | Senior Sales Manager | Team |
莉 钱 | Full Stack Designer | Team |
32 more people are available in the full profile.
Complete people profiles for BITMAIN
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Financials of BITMAIN
Figures of Cvs Power Project Private Limited, the primary company behind BITMAIN, for FY 2022. Revenue was ₹1.4 Lakh (-95% year on year). Net loss was -₹1.7 Lakh (-122% margin). EBITDA was -₹1.8 Lakh (-129% margin).
- ₹1.4 LakhRevenue · FY 2022 · -95% YoY
- -₹1.7 LakhNet loss · -122% margin
- -₹1.8 LakhEBITDA · -129% margin
- ₹1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Cvs Power Project Private Limited are on its company page.
Detailed financial statements for BITMAIN
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by BITMAIN
BITMAIN has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Blocktrail, CoinDesk and Hashnest.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Cryptocurrency news and analysis are delivered via an online platform. | coindesk.com | New York, United States | 2013 | Oct 2018 | •••• | |
Bitcoin wallet, API, and blockchain explorer services are provided. | blocktrail.com | Amsterdam, Netherlands | 2014 | Jul 2016 | •••• | |
Cloud mining contracts for Bitcoin and contract exchange are provided. | hashnest.com | Beijing, China | 2013 | Sep 2014 | •••• |
Complete acquisition details for BITMAIN
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- Acquired stakes
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- Exports
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Timeline of BITMAIN
8 dated milestones of BITMAIN across 5 years, from founding to its latest funding, stage changes and deals.
- Founded BITMAIN is founded.
- Acquisition Acquires Hashnest.
- Acquisition Acquires Blocktrail.
- Funding First funding round of $50.0M.
- Milestone Reaches Unicorn status.
- Milestone Reaches Decacorn status.
- Funding Latest funding round, Series C, of $560.0M.
- Acquisition Acquires CoinDesk.
Web traffic of BITMAIN
The website of BITMAIN (bitmain.com) receives about 266.7K visits a month and ranks #145,976 among all websites worldwide, #9,081 in Finance.
- Monthly visits266.7K
▼ 18.5% vs previous month
- Unique visitors129.2K
per month
- Global rank#145,976
among all websites
- Category rank#9,081
Finance · Finance
- Bounce rate42%
- Pages per visit2.5
- Average visit1 min 16 sec
- DevicesDesktop 45% · Mobile 55%
Websites whose visitors overlap most with BITMAIN. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| nicehash.com | 100% | 680.7K | #39,347 | View details | |
asicminervalue.com | asicminervalue.com | 98% | #167,130 | – | |
| compassmining.io | 94% | 94.9K | #333,355 | View details | |
| cudominer.com | 93% | 413.8K | #113,180 | View details | |
| cryptominerindia.in | 92% | #1,653,725 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for BITMAIN
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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. It is registered at Beijing, Beijing, China.
Micree Zhan is the CEO of BITMAIN, as recorded in our data. They have also founded this 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 2017.
BITMAIN has 435 employees.
The primary company behind BITMAIN, Cvs Power Project Private Limited, reported revenue of ₹1.4 Lakh for FY 2022, down 95% year on year.
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 has made 3 acquisitions, including Blocktrail, CoinDesk, and Hashnest.
BITMAIN has 21 investors. Key investors include ING, Lightspeed Venture Partners, Integrated Ventures, Sequoia Capital, and Coatue.
The valuation of BITMAIN is $14.5B as of Aug 2018.
BITMAIN operates through Cvs Power Project Private Limited.
The legal entities of BITMAIN currently have 3 directors, including Sandeep Khokhar, Satender, Chetan Bhardwaj.