Chinese Mining Firm Bitmain Valued at $12 Billion After Latest Funding Round
Posted: Thu Jul 05, 2018 9:09 am
Bitmain, a major Bitcoin mining firm based in China, has been value at $12 billion following the recent closing of a Series B round funding.
Local news source Caixin reported that the round brought in somewhere between $300 million and $400 million in new funds, led by US-based hedge fund Coatue, Sequoia Capital China, and EDBI, an investment fund backed by the government of Singapore.
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This latest round of funding i considerably larger than the $50 million raised in Bitmain’s Series A funding round in July of 2017–Sequoia was listed as ... (read more)