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.
| Type | Private | |
| Founded | 2013 | |
| HQ | Beijing, CN | Map |
| Website | bitmain.com | |
| Employee Ratings | More |
Recent NewsAll News
- Bitmain Says New Liquid Cooling Miner Is its Most Power Efficient Model to Date
- Merkle Standard In Venture With Bitmain To Develop Data Centers
- Soluna Holdings, Inc. Announces Signing of Master Equipment Finance Agreement, Purchases Additional Equipment from Bitmain
- DMG Blockchain Solutions Purchases 1,800 Bitmain Antminer S19 XP Miners and Provides Core Bitcoin Mining Operations Update
Key People/Management at Bitmain
Jihan Wu
Founder
Micree Zhan
Founder, CEO
Max Hua
CFO
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
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 | Sequoia Capital, Lightspeed Venture Partners, IDG Capital Partners, EDBI, Sequoia Capital China, Coatue, SC GGFIII, China Taijia, Blue Lighthouse, Rising Delight Enterprises, FreeS Bit SPV Fund, Richway Investment, Han Guang Capital, FBH Partners, Crimson Partners, Casmain, CICFH Entertainment Opportunity, Lioness Capital, Bluebell Global Holdings, Gortane Avatar Investments, Palace Investments, Jumbo Sheen Amber LP, Temasek's Pavilion Capital, Xin BM Investment, Newegg Technology, Shanghai Investment Corporation |
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.
Bitmain Revenue
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
| USD | FY, 2015 | FY, 2016 | FY, 2017 |
|---|---|---|---|
Cash | 47.6m | 24.1m | 352.3m |
Accounts Receivable | 4.4m | 2.5m | 1.4m |
Prepaid Expenses | 23.7m | 89.1m | 1.0b |
Inventories | 30.3m | 37.0m | 558.1m |
Half Year
| USD | H1, 2018 |
|---|---|
Cash | 343.3m |
Accounts Receivable | 20.5m |
Prepaid Expenses | 652.9m |
Inventories | 887.2m |
Annual
| USD | FY, 2015 | FY, 2016 | FY, 2017 |
|---|---|---|---|
Net Income | 48.6m | 113.6m | 701.4m |
Depreciation and Amortization | 64.0k | 344.0k | 3.6m |
Inventories | (43.0m) | (61.2m) | (1.1b) |
Accounts Payable | 5.0m | (1.3m) | 378.0m |
Half Year
| USD | H1, 2017 | H1, 2018 |
|---|---|---|
Net Income | 83.0m | 742.7m |
Depreciation and Amortization | 573.0k | 5.6m |
Inventories | (190.6m) | (1.0b) |
Accounts Payable | 47.7m | 56.0m |
| USD | FY, 2015 |
|---|---|
Financial Leverage | 2.5 x |
Bitmain Acquisitions / Subsidiaries
| Company Name | Date | Deal 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. |
Bitmain Revenue Breakdown
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
Bitmain Online and Social Media Presence
102.96k Twitter followers
Bitmain has 102.96k Twitter Followers. The number of followers has increased 0.9% quarter over quarter
Bitmain's Trends
Twitter Engagement Stats for @BITMAINtech
1.2k
Tweets
392
Following
103k
Followers
5
Tweets last 30 days
16.2
Avg. likes per Tweet
100%
Tweets with engagement
Bitmain News and Updates
March 14, 2022
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.
February 11, 2022
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.
November 12, 2021
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.
October 20, 2021
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....
Bitmain Blogs
April 25, 2022
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 …
March 15, 2022
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…
February 14, 2022
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…
January 28, 2022
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…
January 12, 2022
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…
October 29, 2021
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…
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.
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