News on July 23, according to We Media "According to reports, after Bitmain just completed a valuation financing of US$12 billion led by Sequoia at the end of June, it is conducting a new round of Pre-IPO financing, planning to raise US$1 billion, with a post-investment valuation of US$15 billion. Compared with GIC (Government of Singapore Investment Corporation), Abu Dhabi Investment Authority and Canadian Pension Fund, which have been reported before, Tencent is a new potential investor in this round. Some media asked Tencent and Bitmain to verify this matter, and both parties responded that they would not comment. review.According to reports, after Bitmain just completed a valuation financing of US$12 billion led by Sequoia at the end of June, it is conducting a new round of Pre-IPO financing, planning to raise US$1 billion, with a post-investment valuation of US$15 billion. Compared with GIC (Government of Singapore Investment Corporation), Abu Dhabi Investment Authority and Canadian Pension Fund, which have been reported before, Tencent is a new potential investor in this round. Some media asked Tencent and Bitmain to verify this matter, and both parties responded that they would not comment. review.
In addition, the financing is scheduled to be completed at the end of July and early August at the latest. Bitmain has officially started preparations for listing in Hong Kong and hired CICC as its lead underwriter. It will be submitted to the Hong Kong Stock Exchange in September and officially listed in Hong Kong before the end of the year.
Bitmain was established in 2013, currentlyproduct and serviceMainly include: digital currency mining hardware facility Antminer (ant mining machine); self-sustained or invested mining pools occupying more than 40% of the entire network’s computing powerBTC.com, Antpool, viaBTC; Cloud computing power service specially provided for overseas users - HashNest (computing power nest). Ketuan Zhan, the co-founder of Bitmain, once revealed that Bitmain’s revenue in 2017 was about 2.5 billion US dollars, and more than 95% of its revenue came from the sales of mining machines. It is indeed an industry giant.
BloombergBloomberglayoutlayout, as far as the public investment information is concerned, including the decentralized exchange DEx.top, the artificial intelligence public chain AIChain, the public chain project Elastos, the side chain project RSK, the blockchain bank Circle,Blockchain enterprise node monitoring platform Path、Blockchain privacy solution provider Stark... etc., and will cooperate with Circle to develop the stable currency USDC.
In fact, as a leading miner in the industry, Bitmain is favored by the capital market. At the end of June 2018, Bitmain completed its B round of financing with a valuation of approximately US$12 billion. Investors include Sequoia China, Coatue, an American hedge fund that has invested heavily in the TMT industry in recent years, and EDBl, a state-owned emerging market investment fund in Singapore. In September 2017, Bitmain received USD 50 million in Series A financing from Sequoia Capital, IDG Capital and others.
Ebang InternationalCanaan CreativeandEbang InternationalAfter that, but the pace of listing seems to be getting closer. Some analysts believe that the eagerness of miners to go public during this period is due to the impact of the second-quarter financial report (which may be lower than market expectations) on the company’s valuation under the background of this year’s decline in currency prices and the cooling of the mining machine market. consideration.
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(I am Aloe Vera, a reporter from Odaily. Please add WeChat 1012387983 for breaking news and communicating. Please note your name, unit, position and reason.)
