Mining giant Bitmain comes with new funding round

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5 months ago
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Bitmain, the largest bitcoin-farm in northern China, has closed a Series B round funding. The fund was worth about $12 billion. Chinese media Caixin also reported, according to anonymous sources, that the company number of the new financing is about $350 million.

Besides, Caixin wrote that among the new round investors such companies as Sequoia Capital China, U.S. hedge fund Coatue and a Singapore government-backed investment fund.

At the moment Bitmain makes a pre-IPO funding round and it possible go public in the Hong Kong Stock Exchange in.

The information can make Bitmain new Chinese mining giant that will seek for an IPO.

The company refrained from commenting on the matter.