Bitmain Technologies Ltd

Founded

31 Dec 2013

Address

Bitmain Technologies Ltd
Beijing
China

Open Map

Website

http://www.bitmain.com

Corporate information

Official name

Bitmain Technologies Ltd.

Registration country

China

Affiliated entities

Bitcoin Cash

Investment activity status

Active investor

Company type

Maker of chips and machines for mining Bitcoin.

Overview

Bitmain 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 designer of ASIC chips for Bitcoin mining. The company also operates Antpool, historically one of the largest bitcoin mining pools.

13 Aug 2024 Pando Group Closed a New Round of Strategic Equity Investment Worth of Tens of Millions of HKD from Antalpha to Accelerate Global Expansion

Funding

Funding rounds

Venture USD 422,050,000

USD 422,050,000 (7 Aug 2018) at USD 15,000,000,000 valuation.

	Profile	Country	Notes
Bluebell Global Holdings			USD 30,000,000 (USD 30,000,000). Initial investment. Round participant.
Casmain			USD 43,010,000 (USD 43,010,000). Initial investment. Round participant.
CICFH Entertainment Opportunity			USD 40,010,000 (USD 40,010,000). Initial investment. Round participant.
Crimson Ventures LLC		United States	USD 149,090,000 (USD 149,090,000). Initial investment. Round participant.
Gortane Avatar Investments			USD 30,000,000 (USD 30,000,000). Initial investment. Round participant.
Jumbo Sheen Amber LP			USD 30,000,000 (USD 30,000,000). Initial investment. Round participant.
Lioness Capital			USD 33,010,000 (USD 33,010,000). Initial investment. Round participant.
Newegg Technology			USD 15,000,000 (USD 15,000,000). Initial investment. Round participant.
Palace Investments			USD 30,000,000 (USD 30,000,000). Initial investment. Round participant.
Pavilion Capital Holdings Pte Ltd		Singapore	USD 20,000,000 (USD 20,000,000). Initial investment. Round participant.
Shanghai Investment Corp			USD 12,000,000 (USD 12,000,000). Initial investment. Round participant.
Xin BM Investment			USD 20,000,000 (USD 20,000,000). Initial investment. Round participant.
Coatue Management LLC	Privately owned hedge fund sponsor.	United States
EDB Investments Pte	The venture arm of Singapore's Economic Development Board.	Singapore
IDG Capital Partners	Investment firm, focusing on developing extraordinary companies through our expertise in private equity, venture capital and mergers and acquisitions.	China
Sequoia Capital China		China

Series B USD 292,700,000

USD 292,700,000 (19 Jun 2018)

	Profile	Country	Notes
Sequoia Capital China		China	SCC Venture, USD 128,950,000 (USD 128,950,000). Initial investment. Led the round.
Blue Lighthouse			USD 25,990,000 (USD 25,990,000). Initial investment. Round participant.
China Taijia			USD 29,990,000 (USD 29,990,000). Initial investment. Round participant.
Coatue Management LLC	Privately owned hedge fund sponsor.	United States	USD 17,490,000 (USD 17,490,000). Initial investment. Round participant.
EDB Investments Pte	The venture arm of Singapore's Economic Development Board.	Singapore	USD 13,990,000 (USD 13,990,000). Initial investment. Round participant.
FBH Partners			USD 990,000 (USD 990,000). Initial investment. Round participant.
FreeS Bit SPV Fund			USD 7,990,000 (USD 7,990,000). Initial investment. Round participant.
Han Guang Capital			USD 3,990,000 (USD 3,990,000). Initial investment. Round participant.
Richway Investment			USD 4,990,000 (USD 4,990,000). Initial investment. Round participant.
Rising Delight Enterprises			USD 7,990,000 (USD 7,990,000). Initial investment. Round participant.
SC GGFIII			USD 49,980,000 (USD 49,980,000). Initial investment. Round participant.

Series A USD 50,000,000

USD 50,000,000 (8 Aug 2017)

	Profile	Country	Notes
IDG China			USD 1,200,000 (USD 1,200,000). Initial investment. Led the round.
Sequoia Capital China		China	SCC Venture, USD 18,750,000 (USD 18,750,000). Initial investment. Led the round.
Beijing HuaHong IC Design Co Ltd		China	USD 800,000 (USD 800,000). Initial investment. Round participant.
Blue Lighthouse			USD 4,250,000 (USD 4,250,000). Initial investment. Round participant.
Richway Investment			USD 12,500,000 (USD 12,500,000). Initial investment. Round participant.
Sinovation Ventures	Early stage venture capital firm focusing on Chinese and US technology startups.	United States	USD 12,500,000 (USD 12,500,000). Initial investment. Round participant.

N/A

Investor		Profile	Country	Notes
	Summer Capital Management Co Ltd	Asia-based investment company.	Hong Kong SAR China	Initial investment. Round participant.

N/A

Investor		Profile	Country	Notes
	Lightspeed Management Co LLC	Multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the enterprise and consumer sectors.	United States	Initial investment. Round participant.

	Contacts	Round
Beijing HuaHong IC Design Co Ltd		Series A
Blue Lighthouse		Series A Series B
Bluebell Global Holdings		Venture
Casmain		Venture
China Taijia		Series B
CICFH Entertainment Opportunity		Venture
Coatue Management LLC Privately owned hedge fund sponsor.		Series B Venture
Crimson Ventures LLC		Venture
EDB Investments Pte The venture arm of Singapore's Economic Development Board.		Series B Venture
FBH Partners		Series B
FreeS Bit SPV Fund		Series B
Gortane Avatar Investments		Venture
Han Guang Capital		Series B
IDG Capital Partners Investment firm, focusing on developing extraordinary companies through our expertise in private equity, venture capital and mergers and acquisitions.	+1 (212) 337-5200	Venture
IDG China		Series A
Jumbo Sheen Amber LP		Venture
Lightspeed Management Co LLC Multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the enterprise and consumer sectors.	+1 (650) 234-8300	N/A
Lioness Capital		Venture
Newegg Technology		Venture
Palace Investments		Venture
Pavilion Capital Holdings Pte Ltd		Venture
Richway Investment		Series A Series B
Rising Delight Enterprises		Series B
SC GGFIII		Series B
Sequoia Capital China		Series A Series B Venture
Shanghai Investment Corp		Venture
Sinovation Ventures Early stage venture capital firm focusing on Chinese and US technology startups.		Series A
Summer Capital Management Co Ltd Asia-based investment company.	+852 3959-8000	N/A
Xin BM Investment		Venture

Investments

Selected investments

	Country	Date	Notes
DoraHacks		7 Jul 2018	Seed Initial investment. Led the investment round. Active
Circle Internet Financial Inc Consumer finance company focused on transforming the world economy with secure, simple, and less costly technology for storing and using bitcoin.	United States	1 May 2018	Series E Active
Global Digital Mercantile Ltd Cryptocurrency financier.			N/A USD 1,000,000 (USD 1,000,000) deal size. Initial investment. Round participant. Purchase of a 5% equity stake., Active
Opera Ltd The corporate entity behind the Opera internet browser.	Norway		N/A USD 50,000,000 (USD 50,000,000) deal size. Initial investment. Round participant. Purchase of a 3% equity stake., Active