Temasek Not to Finance Bitmain

Another company denies information on investment in mining giant

04 September 2018 1300

The Singapore investment holding Temasek did not participate in financing the largest manufacturer of mining equipment Bitmain, is not going to participate in the IPO and never discussed this issue with the company.

We've seen commentary about an IPO involving a cryptocurrency company, Bitmain. Temasek is not an investor in Bitmain, and has never had discussions with, or an investment in Bitmain. News reports about our involvement in their IPO are false.

Temasek at Twitter

Twitter user BTCKING555, who became famous for publishing insider information about Bitmain's IPO, said that another announced investor represented by the GIC investment fund, founded by the Singapore government in 1981, is also not going to participate in financing the mining giant.

When Temasek exposes lying Chinese Mainland Company Bitmain HKEXGroup what about GIC ? Whose name Bitmain uses as investor in its deck and is on crunchbase Bitmain IPO GIC name is defrauded! Statement perhaps ?

BTCKING555

Earlier, the Chinese technology giant Tencent and the Japanese media corporation SoftBank denied info on their participation in the financing of Bitmain.

Mining Bitmain Blockchain

Mining Ban in China Won't Affect Bitmain & Canaan

This is said by the companies themself; also, Bitmain and Canaan did not indicate whether they intend to move the business abroad

11 April 2019 201

The prospect of a ban on mining in China will not have an impact on the operating activities of mining giants Bitmain and Canaan in the short term. This was stated by representatives of the press services of companies, 8btc reports.

At the same time, Bitmain and Canaan did not indicate whether they intend to move the business abroad, if the mining ban is set at the legislative level.

Note that China currently holds a dominant position in mining Bitcoin and Ethereum.

According to local cryptoexperts, mining equipment manufacturers will exist as long as Bitcoin has value.

Earlier in April, the National Development and Reform Commission of China issued a bill that called mining an “undesirable industry” and proposed banning it.

So far, the initiative has no legal force. Public discussion of the bill will last until May 7.