OverviewSuggest Edit

Bitmain (also known as Bitmain Technology Holding, 比特大陆) is a company dedicated to the design and manufacture of high-performance computing chips and software. Its products include chips, servers, and cloud solutions for blockchain and artificial intelligence (AI) applications.

TypePrivate
Founded2013
HQBeijing, CN
Websitebitmain.com
Employee Ratings3

Latest Updates

Employees (est.) (Sept 2021)2,500(-3%)
Job Openings2
Revenue (FY, 2017)$2.5 B(+807%)
Cybersecurity ratingCMore
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Key People/Management at Bitmain

Jihan Wu

Jihan Wu

Founder
Micree Zhan

Micree Zhan

Founder, CEO
Max Hua

Max Hua

CFO
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Bitmain Office Locations

Bitmain has offices in Beijing, Shenzhen, San Jose, Hong Kong and in 2 other locations
Beijing, CN (HQ)
Building No.1, Fenghao East Road, Haidian District
Shenzhen, CN
Block A, Tianxia Jinniu Plaza, Taoyuan road
Hong Kong, HK
18 Hung Luen Rd, Hung Hom Bay
Moskva, RU
Presnenskaya Emb, 12
Singapore, SG
8 Kallang Ave #09-03/04 Aperia Tower 1
San Jose, CA, US
300 Park Ave #300
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Bitmain Financials and Metrics

Summary Metrics

Founding Date

2013

Bitmain total Funding

$764.7 m

Bitmain latest funding size

$422 m

Time since last funding

4 years ago

Bitmain investors

Bitmain's latest funding round in August 2018 was reported to be $422 m. In total, Bitmain has raised $764.7 m. Bitmain's latest valuation is reported to be $12 b.
View all funding rounds

Bitmain Revenue

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View revenue for all periods
Bitmain's revenue was reported to be $2.52 b in FY, 2017 which is a 806.9% increase from the previous period.
USD

Revenue (Q3, 2018)

3.0b

Market valuation

12.0b

Cash (30-Jun-2018)

343.3m
Annual
USDFY, 2015FY, 2016FY, 2017

Revenue

137.3m277.6m2.5b

Revenue growth, %

102%807%

Cost of goods sold

65.9m126.3m1.3b

Gross profit

71.5m151.4m1.2b
Half Year
USDH1, 2017H1, 2018

Revenue

274.5m2.8b

Cost of goods sold

140.8m1.8b

Gross profit

133.7m1.0b

Gross profit Margin, %

49%36%
Quarterly
USDQ3, 2018

Revenue

3.0b
Annual
USDFY, 2015FY, 2016FY, 2017

Cash

47.6m24.1m352.3m

Accounts Receivable

4.4m2.5m1.4m

Prepaid Expenses

23.7m89.1m1.0b

Inventories

30.3m37.0m558.1m
Half Year
USDH1, 2018

Cash

343.3m

Accounts Receivable

20.5m

Prepaid Expenses

652.9m

Inventories

887.2m
Annual
USDFY, 2015FY, 2016FY, 2017

Net Income

48.6m113.6m701.4m

Depreciation and Amortization

64.0k344.0k3.6m

Inventories

(43.0m)(61.2m)(1.1b)

Accounts Payable

5.0m(1.3m)378.0m
Half Year
USDH1, 2017H1, 2018

Net Income

83.0m742.7m

Depreciation and Amortization

573.0k5.6m

Inventories

(190.6m)(1.0b)

Accounts Payable

47.7m56.0m
USDFY, 2015

Financial Leverage

2.5 x
Show all financial metrics

Bitmain Operating Metrics

Bitmain's Enterprise Customers was reported to be 80 k in H1, 2018.
FY, 2015FY, 2017H1, 2018

Enterprise Customers

6 k46 k80 k

Patent Applications

168

Patents Issued

54

Trademarks

66
Show all operating metrics

Bitmain Acquisitions / Subsidiaries

Company NameDateDeal Size
Blocktrail B.V.July 21, 2016
Bayannaoer Chuangke Cloud Technology Co., Ltd.
Beijing Bitmain Technology Co., Ltd.
Bitmain Inc.
Bitmaintech Israel Ltd
Bitmain Technologies Limited
Bitmaintech Pte. Ltd.
Fujian Chuangke Technology Co., Ltd.
Fujian Zhanhua Intelligence Technologies Co., Ltd.
Hebukesaier Mongolian Autonomous County Chuangke Cloud Technology Co., Ltd.
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Bitmain Revenue Breakdown

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Bitmain revenue breakdown by business segment: 7.9% from Proprietary Mining, 89.9% from Mining Hardware Sales and 2.2% from Other

Bitmain revenue breakdown by geographic segment: 48.2% from Domestic and 51.8% from Overseas

Bitmain Cybersecurity Score

Cybersecurity ratingPremium dataset

C

76/100

SecurityScorecard logo

Bitmain Online and Social Media Presence

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Bitmain News and Updates

Bitmain Says New Liquid Cooling Miner Is its Most Power Efficient Model to Date

The S19 XP Hyd. will deliver 255 TH/s at 20.8 J/T.

Merkle Standard In Venture With Bitmain To Develop Data Centers

California-based bitcoin miner Merkle Standard today announced a joint venture deal with Bitmain, one of the world’s largest bitcoin mining rig manufacturers, to develop data centers with up to 500 megawatts (MW) of capacity.

Bitmain Escalates Bitcoin Mining Arms Race With Most Powerful Hardware In History

Bitmain's new machine is advertised to be 27% more powerful than the S19 Pro, the current flagship of the S19 series, while being 27% more energy efficient. It is the new standard of bitcoin mining equipment.

Bit Digital Announces Agreements to Purchase 10,000 Antminers from Bitmain

NEW YORK, Oct. 12, 2021 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) (the "Company" or "Bit Digital"), a bitcoin mining company headquartered in New York, today announced that it has signed an agreement with Bitmain Technologies Limited ("Bitmain") to purchase 10,000 Bitcoin miners....
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Bitmain Blogs

BITMAIN Invited Key Customers to Visit North America’s First Fully Operational Hydro Cooling Data Center

On April 18, 2022, BITMAIN – the world’s leading producer of cryptocurrency mining hardware held a 2-day site visit event in Pyote, Texas, inviting key customers to witness firsthand the first fully operational hydro cooling data center in North America, operated by Poolin. Over 30 mining companies …

BITMAIN Successfully Held the 2022 Customer Overseas Experience Exchange Conference

On March 12, BITMAIN – the world’s leading producer of cryptocurrency mining hardware held the 2022 Customer Overseas Experience Exchange Conference in Chengdu, China. The conference highlighted the multiple changes the digital currency mining industry has recently experienced and showcased the pros…

New Batches of ANTMINER Z15 Officially Go on Sale From February 14 to 17

Dear Valued Customers, New batches of ANTMINER Z15 will be released on the official ANTMINER website (https://shop.bitmain.com/) and will be available for purchase from February 14 to February 17. Customers will have access to daily batches every 08:00 p.m. (ET) and each customer account can purchas…

ANTMINER 2021 Customer Satisfaction Survey

Dear Customers, Thank you for your continued support and cooperation for BITMAIN in 2021! On behalf of BITMAIN, “Thank You” for participating in the ANTMINER survey. Your valuable feedback and insights will be carefully studied. It will be essential to improve our future services to you. We hope tha…

Customer Compensation Notice for L7 and other Orders with Delayed Shipment

Dear Valued Customers, Due to the tight supply chain, some L7, Z15, E7, and DR5 orders have not been shipped as scheduled. We sincerely apologize and will compensate customers accordingly. The compensation amount is as stipulated in the contract, and the deferred payment will entitle a daily compens…

The World Digital Mining Summit 2021 Gathers Top Global Mining Firms to Meet in Dubai

Hong Kong, October 29, 2021 – Bitmain – the world’s leading producer of cryptocurrency mining hardware is organizing the World Digital Mining Summit 2021 (WDMS). This year marks the third year of WMDS hosted by Bitmain and Antminer. As the most dedicated digital currency mining event of the year, Bi…
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Bitmain Frequently Asked Questions

  • When was Bitmain founded?

    Bitmain was founded in 2013.

  • Who are Bitmain key executives?

    Bitmain's key executives are Jihan Wu, Micree Zhan and Max Hua.

  • How many employees does Bitmain have?

    Bitmain has 2,500 employees.

  • What is Bitmain revenue?

    Latest Bitmain annual revenue is $2.5 b.

  • What is Bitmain revenue per employee?

    Latest Bitmain revenue per employee is $1 m.

  • Who are Bitmain competitors?

    Competitors of Bitmain include Istok, Jiangsu Jiejie Microelectronics and Coinmine.

  • Where is Bitmain headquarters?

    Bitmain headquarters is located at Building No.1, Fenghao East Road, Haidian District, Beijing.

  • Where are Bitmain offices?

    Bitmain has offices in Beijing, Shenzhen, San Jose, Hong Kong and in 2 other locations.

  • How many offices does Bitmain have?

    Bitmain has 6 offices.