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 ratingDMore

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

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.
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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
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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 Cybersecurity Score

Cybersecurity ratingPremium dataset

D

62/100

SecurityScorecard logo

Bitmain Revenue Breakdown

Embed Graph

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 Online and Social Media Presence

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Bitmain News and Updates

Jihan Wu Regains Upper Hand in Bitmain Co-Founder Fight

A new twist in the power struggle at Bitmain: Co-founder Jihan Wu has regained the legal representative status of the bitcoin mining giant.

Court Denies Bitmain $30M in Damages From Co-Founders of Rival Poolin

A court in China has denied an appeal by bitcoin mining giant Bitmain seeking $30 million in damages from the three co-founders of mining pool rival Poolin.

Marathon Signs New $23M Contract with Bitmain for 10,500 Bitcoin Mining Rigs

The $23 million purchase will see Marathon's bitcoin mining capacity increase drastically, turning it into one of the largest miners in North America.

Marathon Patent Group Announces $23 Million Contract with Bitmain to Purchase 10,500 S-19 Pro Miners

Upon Delivery and Full Installation, the Company’s Mining Operations Will Include 13,520 Next Generation Miners and Produce 1.55 Exahash (1,555 PH/s) Representing 1.2% of the Current Worldwide Bitcoin Hashrate Upon Delivery and Full Installation, the Company’s Mining Operations Will Include 13,520 N…

Bitmain Delays Bitcoin Miner Shipments by Three Months as Co-Founders Battle On

The escalating internal power struggle at Bitmain is starting to have a more serious impact on its business and customers.

Bitmain Co-Founder Offers Share Buyback at $4B Valuation to End Power Struggle

The offer seems an apparent effort to bring about negotiations that could end the divisions that have been tearing the company apart.
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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 NEO, Bitcoin Gold and Zcash.

  • 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.