OverviewSuggest Edit

Bitmain is a manufacturer of Bitcoin mining hardware and other related services. The Company develops and sells the world’s leading bitcoin miners using Bitmain's ASIC chip technology.

TypePrivate
Founded2013
HQBeijing, CN
Websitebitmain.com

Latest Updates

Employees (est.) (Jun 2018)2,594
Revenue (FY, 2017)$2.5 B(+807%)
Cybersecurity ratingCMore

Key People/Management at Bitmain

Jihan Wu

Jihan Wu

Founder
Micree Zhan

Micree Zhan

Founder
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Bitmain Office Locations

Bitmain has offices in Beijing, Tbilisi and Singapore
Beijing, CN (HQ)
Building 25, North Olympic Science & Technology Park, Baosheng South Road
Tbilisi, GE
Office 302, K.Marjanishvili str. N5
Singapore, SG
8 Kallang Ave #09-03/04 Aperia Tower 1
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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

3 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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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
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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
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Bitmain Acquisitions / Subsidiaries

Company NameDateDeal Size
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.
Inner Mongolia Chuangke Cloud Computing 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

79/100

SecurityScorecard logo

Bitmain Online and Social Media Presence

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Bitmain News and Updates

ISW Holdings Update: Announces Delivery of 300 Crypto Miners, JV Partner BIT5IVE Now Positioned as Key El Salvador Bitmain Distributor

LAS VEGAS, June 10, 2021 (GLOBE NEWSWIRE) -- via InvestorWire -- ISW Holdings, Inc. (OTC: ISWH) (“ISW Holdings” or the “Company”), a global brand management holdings company with commercial operations in Telehealth and Renewable Energy Cryptocurrency Mining, is excited to announce the delivery of …

TAOP and Bitmain Signed a Purchase Agreement for Antminer S19j Pro Bitcoin Mining Machines

SHENZHEN, April 15, 2021 (GLOBE NEWSWIRE) -- Taoping Inc. (NASDAQ: TAOP, the “Company”), a provider of Internet-based smart display screens, and a new-media ecosystem that enables targeted advertising and online retail, announces today that it has signed a Bitcoin mining machine purchase agreement…

Riot Blockchain Announces Production and Operations Updates and Purchase of Bitmain S19j Antminers for October 2021 Delivery

Q4 2020 Production of 302 Bitcoin, January 2021 Production of 125 Bitcoin, February 2021 Production of 179 Bitcoin Q4 2020 Production of 302 Bitcoin, January 2021 Production of 125 Bitcoin, February 2021 Production of 179 Bitcoin

BitFuFu Officially Endorsed by Bitmain as a Standardized Crypto Mining Platform

HONG KONG, Feb. 22, 2021 (GLOBE NEWSWIRE) -- BitFuFu, the world's first crypto mining standardization platform, has been selected by crypto mining giant Bitmain to standardize the industry. The partnership is expected to collaborate to foster innovation in crypto mining. Bitmain will be supporting…

Bitmain Ships 4,000 Antminer S-19 Pro ASIC Miners to Marathon Patent Group

LAS VEGAS, Feb. 01, 2021 (GLOBE NEWSWIRE) -- Marathon Patent Group, Inc. (NASDAQ:MARA) ("Marathon" or "Company"), one of the largest enterprise Bitcoin self-mining companies in North America, today announced that 4,000 Antminer S-19 Pro ASIC miners have been shipped from Bitmain to Marathon’s mini…
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Bitmain Blogs

Bitmain Signs Agreement with ENEGIX to Host Miners at the 180MW facility

Hong Kong, July 23, 2021 – Bitmain – the world’s leading producer of cryptocurrency mining hardware, announces partnership with ENEGIX to host Antminer S19 Pro in their 180MW facility. ENEGIX is the operator of one of the largest data centers in the world. The team is in the business of designing, b…

Antminer Maintenance Training Center is Now Open for Registration in the USA

Hong Kong, July 16, 2021 – Antminer Maintenance Training Center (AMTC), formally known as Ant Training Academy (ATA), has re-opened and begun registration for participants to learn mining hardware maintenance and mining facility optimization. AMTC is a training service program launched by Bitmain ba…

TeraWulf Signs a Purchase Order with Bitmain for 30,000 Units of Antminer S19j Pro

Hong Kong, June 29, 2021 – Bitmain – the world’s leading producer of cryptocurrency mining hardware, today announced a signed purchase order with TeraWulf Inc. (TeraWulf), which recently announced plans to become a publicly traded company that owns and operates fully integrated environmentally clean…

Global Suspension Announcement of Antminer Spot Sales

Dear Valued Antminer Users, In recent times, Chinese customers have been reselling miners to withdraw funds or reduce the time that their mining hardware remains in China. However, the setup of mining farms does not happen overnight, and the second-hand market is under pressure. To assist the indust…

CMF North America: The Current State and Future of the Cryptocurrency Mining Industry

On April 13, Bitmain held the Crypto Mining Forum (CMF) online for the North American Region. Antminer, AntPool, along with key customers and strategic partners all participated in the forum to deliver solid speeches and panels, aiming at bringing together the top leading mining companies’ insights …

Bitmain Officially Announces the Antminer S19j Pro Annual Batch Order Purchase, Opening Next Week

In view of the current strong market demand for mining hardware, Bitmain will officially launch an annual batch order purchase for the Antminer S19j Pro, which will be opening next week. Starting from August 2021, customers can receive a batch of Antminer S19j Pro every month for a period of one yea…
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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 and Micree Zhan.

  • How many employees does Bitmain have?

    Bitmain has 2,594 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 $970.6 k.

  • Who are Bitmain competitors?

    Competitors of Bitmain include Amber, Blockchain and Nexo.

  • Where is Bitmain headquarters?

    Bitmain headquarters is located at Building 25, North Olympic Science & Technology Park, Baosheng South Road, Beijing.

  • Where are Bitmain offices?

    Bitmain has offices in Beijing, Tbilisi and Singapore.

  • How many offices does Bitmain have?

    Bitmain has 3 offices.