Bitmain to Open Office in Silicon Valley

Representatives of Bitmain emphasize that the office in the Silicon Valley will help the company's venture capital investments
18 July 2018   1558

Bitmain, the leading manufacturer of bitcoin mining equipment, opened an office in San Jose. This is reported by CCN.

According to the publication, Bitmain took the last empty premises in the office building Riverpark Tower, which also houses start-ups Okta, Cohesity and WeWork.

The area of ​​the new office is 1850 sq.m.

Representatives of Bitmain emphasize that the office in the Silicon Valley will help the company's venture capital investments. In addition, this is part of the plan to expand business in North America. In connection with China's unsustainable policy regarding cryptocurrency, the mining giant plans to open its sites in Washington state and Canadian Quebec.

Note that last month Bitmain completed the next round of the investment campaign, within which it raised $ 400 million. At the moment, the mining giant is estimated at $ 12 billion.

Thus, Bitmain is not only the most expensive company in the crypto currency industry, but also the most expensive private technology start-up. Representatives of the company expect that after the release of Bitmain to IPO, the company's shares will be worth $ 40 billion.

It is significant that Bitmain will soon be able to gain control over 51% of the bitcoin network. At the end of June, the pools of BTC.com and Antpool, owned by the mining giant, produced an aggregate 42% of bitcoin blocks.

Northern Bitcoin to Purchase 5000 Mining Devices

According to company's CEO, new devices from Bitmain and Canaan Creative will help company to expand it's business
02 July 2019   509

The German company Northern Bitcoin intends to double its computing power and acquire about five thousand new devices from the largest manufacturers of miners Bitmain and Canaan Creative. As stated in Northern Bitcoin, this will help expand the company's business.

The acquisition of the sought-after hardware is a great success for our company. With the doubling of our mining equipment just a few days after the start of our global scaling, we are setting the pace with which we aim to take a leading position in the fast-growing blockchain industry in the coming years.

Moritz F. Jäger 
CTO, Northern Bitcoin AG

 Northern Bitcoin is registered in Frankfurt am Main, and also has areas in Norway. In which countries the company intends to develop its business in the future, is not reported.