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.
| Type | Private | |
| Founded | 2013 | |
| HQ | Beijing, CN | Map |
| Website | bitmain.com |
Recent NewsAll News
- ISW Holdings Update: Announces Delivery of 300 Crypto Miners, JV Partner BIT5IVE Now Positioned as Key El Salvador Bitmain Distributor
- TAOP and Bitmain Signed a Purchase Agreement for Antminer S19j Pro Bitcoin Mining Machines
- Mining Giant Bitmain Invests in Crypto Mining Platform BitFuFu
- Riot Blockchain Announces Production and Operations Updates and Purchase of Bitmain S19j Antminers for October 2021 Delivery
Key People/Management at Bitmain
Jihan Wu
Founder
Micree Zhan
Founder
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
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 | 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 |
|---|---|---|
| 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. |
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
Competitors
Bitmain Online and Social Media Presence
96.24k Twitter followers
Bitmain has 96.24k Twitter Followers. The number of followers has increased 1% month over month and increased 1.5% quarter over quarter
Bitmain's Trends
Twitter Engagement Stats for @BITMAINtech
1.2k
Tweets
393
Following
96.2k
Followers
3
Tweets last 30 days
13
Avg. likes per Tweet
100%
Tweets with engagement
Bitmain News and Updates
June 10, 2021
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 …
April 15, 2021
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…
March 15, 2021
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
February 22, 2021
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…
February 01, 2021
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…
Bitmain Blogs
July 23, 2021
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…
July 16, 2021
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…
June 29, 2021
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…
June 25, 2021
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…
April 22, 2021
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 …
April 09, 2021
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…
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.
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