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Beijing-headquartered Bitmain, the world’s largest Bitcoin mining hardware producer, is reportedly in the process of raising $50 million from technology-focused venture capital firms.
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Venture capital firms Sequoia Capital and IDG Capital are said to be investing in the Bitcoin mining giant, according to unnamed sources close to the matter cited by Bloomberg. Bitmain is said to be taking the VC funding approach in order to raise its profile among mainstream investors. The company is considered to be worth billions of dollars and might be looking at an ... (read more)