The largest Chinese manufacturer of mining equipment, Bitmain, completed the round of financing for the B series. At this stage, the company received an estimated value of 12 billion US dollars.
According to local media, Bitmain managed to attract investments in the amount of 300 to 400 million US dollars. However, official information on this issue has not yet been received.
The largest investors at this stage were Sequoia Capital China, the American hedge fund Coatue and the Singapore government investment fund EDBI.
Recall, earlier it became known that Bitmain plans to launch an IPO, which can become the most powerful in its volume in the history of the crypto industry and “beat all records.” As a jurisdiction, the company’s management considers Hong Kong or some other foreign platform, where the shares are traded in US dollars.