Bitmain Receives $12 Bln Investment in a Recent Funding Round

Leading Bitcoin (BTC) mining company Bitmain is now valued at $12 billion following a Series B round of funding, local news outlet Caixin reports July 6.

According to Caixin, Bitmain raised between $300 million to $400 million from Sequoia Capital subsidiary Sequoia China, U.S. hedge fund Coatue, and Singapore-based governmental investment fund EDBI. In September 2017, Beijing-based Bitmain received $50 million in a Series A funding round from Sequoia Capital and IDG Capital.
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