Sequoia Capital May Invest $400 in Bitmain

The financing was made in preparation for Bitmain to launch the IPO, after which the company's investment valuation rose to $ 12 billion

12 June 2018 2301

Leading manufacturer of mining equipment Bitmain Technologies received $ 400 million from the Chinese division of venture capital firm Sequoia Capital. This is reported by China Money Network.

According to the publication, the financing was made in preparation for Bitmain to launch the IPO, after which the company's investment valuation rose to $ 12 billion.

Also, the publication confirms the intention of the company to conduct an IPO in Hong Kong. It is expected that Bitmain will enter the stock market in September, and before the end of 2018 the company's capitalization will grow to levels between $ 30 billion - $ 40 billion.

There have been no official comments from Bitmain at the moment.

Bitmain Technologies Ltd was founded in 2013 and is the largest producer of equipment for mining using ASIC technology. It also plans to expand its operations to artificial intelligence market.

In June, the co-founder of the company, Cihan Wu, confirmed that Hong Kong, or some other foreign market, where shares are traded in US dollars, is considered for an IPO. Then he named Sequoia Capital and IDG Capital among potential investors

Mining Bitmain

Bitmain's Antminer S19 & S19 Pro to be Available

Antminer S19 with a hash rate of 95 TH/s costs $ 2180, and Antminer S19 Pro with a hashrate of 110 TH/s is $ 2920

23 March 2020 307

Bitmain, the largest manufacturer of mining equipment, has announced the launch of sales of new Antminer S19 and S19 Pro devices.

#Antminer is proud to announce the official sales launch of the next-gen #AntminerS19 Series! (Selling domestically with international sales following soon) For those interested to know more about the product, kindly contact our sales team. #Bitmain #AntminerS19Pro pic.twitter.com/z9bt6VWiw8

— Antminer_main (@Antminer_main) March 23, 2020

So far, new equipment will be available only in China, but the Bitmain team has announced the imminent launch of international sales.

The price of Antminer S19 with a hash rate of 95 TH / s is $ 2,180, and the Antminer S19 Pro with a hashrate of 110 TH / s costs $ 2,920.

According to the iHodl portal, the first batch of miners has already been sold out and buyers should receive their devices from May 11 to May 20.