Bitmain opened a subsidiary in Silicon Valley

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The opening of the office in San Jose is one of the stages of the planned expansion of the company’s presence in North America.

Bitmain, one of the largest manufacturers of equipment for mining cryptocurrency, opened a branch in San Jose. The office with a total area of 1850 square meters was leased in the Riverpark Tower building, where the headquarters of start-ups Okta, Cohesity, and WeWork were located.

Representatives of Bitmain believe that the opening of the unit in the Silicon Valley will provide the company with venture capital investments.

The opening of the office in San Jose is one of the stages of the planned expansion of the company’s presence in North America. It is also planned to open branches in Washington and Quebec in Canada. Such steps are taken in connection with the “anti-crisis” policy of the Chinese authorities.

Let’s remind, earlier Bitmain has finished a round of financing of a series B. At this stage, the company has estimated value in 12 billion US dollars.

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