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§ Private Profile · Beijing, China
Technology company designing and selling custom ASIC chips and hardware for cryptocurrency mining, focused on Bitcoin miners.
Bitmain is a Beijing, China-based technology company that designs, develops, and sells custom ASIC chips and specialized hardware for global cryptocurrency mining operations. The enterprise historically dominated the sector, capturing a 75 percent global market share in crypto mining ASIC chips by 2018 and generating $2.5 billion in annual revenue during 2017. Following a Series B+ funding round in August 2018, the hardware manufacturer achieved a peak valuation of $15 billion before filing for an initial public offering in Hong Kong. The organization's leadership and strategic direction have involved key corporate figures such as Max Hua, Shakira Lu, and Janet Zhao, navigating a complex internal restructuring that shifted the company's focus toward artificial intelligence alongside its core Antminer product line. Bitmain was originally founded in 2013 by cryptocurrency entrepreneurs Jihan Wu and Micree Zhan.
Bitmain has raised $400.0M across 1 funding round.
Key people at Bitmain.
Bitmain was founded in 2013 by Jihan Wu (Co-founder, Chairman & CEO).
Bitmain has raised $400.0M in total across 1 funding round.
Key people at Bitmain.
Bitmain has raised $400.0M across 1 funding round. Most recently, it raised $400.0M Series B in August 2018.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Aug 10, 2018 | $400M Series B | — | Coatue, GIC, Hongshan Capital Group (Sequoia Capital China), Softbank, Tencent Holdings | Announced |
Bitmain was founded in 2013 by Jihan Wu (Co-founder, Chairman & CEO).
Bitmain has raised $400.0M in total across 1 funding round.
Bitmain's investors include Coatue, GIC, Hongshan Capital Group (Sequoia Capital China), SoftBank, Tencent.
Bitmain Technologies designs and manufactures application-specific integrated circuit (ASIC) chips for cryptocurrency mining. Its AntMiner series provides high-performance hardware essential for securing blockchain networks. Bitmain also operates mining pools and offers hosting services, creating a comprehensive ecosystem for digital currency extraction. It optimizes silicon for peak hash rate efficiency.
Founded in Beijing in 2013 by Micree Zhan and Jihan Wu, Bitmain addressed the growing demand for specialized cryptocurrency mining hardware. Zhan, leveraging chip design expertise, provided engineering acumen; Wu, a former financial analyst, brought business insight. Their vision developed ASIC solutions, boosting Bitcoin mining efficiency and profitability over general computing.
Bitmain serves individual and institutional cryptocurrency miners globally, with a vision centered on advancing digital currency mining server technology and infrastructure leadership. The company innovates hardware and software, supporting the digital economy’s foundational elements and exploring high-performance computing applications, including AI.
