Bitmain to Receive $1B Investment

Funds received from chinese technology company Tencent and the Japanese telecommunications media corporation SoftBank
06 August 2018   1463

Within the series C financing round, the largest manufacturer of mining equipment Bitmain received an investment of $ 1 billion from the Chinese technology company Tencent and the Japanese telecommunications media corporation SoftBank. This was reported by the research department of the Bitmex exchange with reference to a local source.

It also became known that after the next investment round, the value of Bitmain is estimated at $ 15 billion. In addition, the Chinese source confirms information on Bitmain's preparation for the initial public offering (IPO), which will be held in Hong Kong in September.

As the lead underwriter, a major investment company, China International Capital Corporation (CICC), was selected, which specializes in providing financial services to institutional clients.

In 2004, Tencent held an IPO on the Hong Kong Stock Exchange. By the end of 2017, the company, in its market capitalization exceeding $ 500 billion, ranked fifth in the world

SBI Holdings to Start Mining Chips Manufacturing

The new enterprise will work in partnership with an unnamed major semiconductor manufacturer from the United States
22 March 2019   94

The Japanese financial conglomerate SBI Holdings announced the creation of a new enterprise that will focus on the production of chips and cryptocurrency mining systems.

The message on the company's website says that SBI Mining Chip Co. (SBIMC) is part of SBI Holdings digital asset strategy.

The new enterprise will work in partnership with an unnamed major semiconductor manufacturer from the United States, and a former head of Chip Estimate and WearSens Adam Trademan, will head it. Currently, Trademan heads the BRD mobile cryptocurrency wallet development company, in which SBI Holdings invested $ 15 million in January of this year.

Recall that its plans to launch a broad offensive against the cryptocurrency industry were announced by SBI Holdings in October 2017. Since then, the corporation has made numerous investments in various projects, and also intends to promote the mass adoption and practical use of the RR Xle XRP token.