# Bitmain Technologies Holding Company

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bitmain-technologies-holding-company

- Industry: Financial Services
- Headquarters: Beijing, China
- Website: www.bitmain.com
- Total disclosed funding: $50M
- Latest round: Series B (Jul 6, 2018)
- Investors on record: 4

## About

Founded in 2013 and based in Beijing, China, Bitmain Technologies Holding Company operates as an integrated circuit design company and operating systems software provider to the blockchain sector. In August 2017, the company raised USD 50 million of series A funding from new investors IDG Capital, Sequoia Capital, GoldTech, New Horizon Capital, and Sinovation Ventures. In August 2018, Bitmain Technologies raised USD 1 billion of pre-IPO funding from new investor China International Capital Corporation Private Equity.

The company focuses on the research and development of dedicated bitcoin mining chips and miners. Bitmain Technologies has developed and produced its own brand of bitcoin miner, Ant Miner, and is able to focus on high-speed, low-power custom chip design and provide mining services for various digital currencies such as Bitcoin, Litecoin and Ether. The company also owns the mining hardware Antminer and the cloud mining platform HashNest.

## Funding rounds

- Series B, Jul 6, 2018 — Hong Shan, SG Growth Capital, Coatue Management
- Series A, Aug 29, 2017, $50M — Hong Shan, IDG Capital

## Investors

- Hong Shan — Series A, Series B
- IDG Capital (https://capitalatlas.ai/funds/idg-capital) — Series A
- SG Growth Capital (https://capitalatlas.ai/funds/sg-growth-capital) — Series B
- Coatue Management (https://capitalatlas.ai/funds/coatue-management) — Series B