Bitmain stock price, funding rounds, valuation and financials

Bitmain has raised $764.7 m in total funding. Bitmain valuation is $12 b, and annual revenue was $2.52 b in FY 2017

$12 B

Bitmain Mkt valuation

$3 B

Bitmain Revenue Q3, 2018
Bitmain Cash, 30-Jun-2018343.3 M
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Bitmain Revenue

Bitmain revenue was $2.52 b in FY, 2017 which is a 806.9% year over year increase from the previous period.

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Bitmain Funding

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.

Bitmain Capital Raised

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Bitmain Valuation

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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 Income Statement

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

Gross profit Margin, %

52%55%48%

R&D expense

5.7m16.6m72.6m

General and administrative expense

8.1m16.4m66.9m

Operating expense total

13.7m13.7m69.4m

Depreciation and amortization

64.0k344.0k3.6m

EBITDA

57.9m138.1m1.2b

EBITDA margin, %

42%50%46%

EBIT

57.8m137.7m1.1b

EBIT margin, %

42%50%45%

Interest expense

60.0k31.0k59.0k

Pre tax profit

57.8m137.8m897.4m

Income tax expense

9.2m24.2m196.0m

Net Income

48.6m113.6m701.4m

Quarterly

USDQ3, 2018

Revenue

3.0b

Bitmain Balance Sheet

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

PP&E

224.0k3.1m22.8m

Total Assets

124.1m225.4m2.9b

Accounts Payable

17.5m16.2m394.1m

Long-term debt

144.0k

Total Debt

144.0k

Total Liabilities

75.2m93.2m2.1b

Total Equity

49.0m132.1m848.4m

Debt to Equity Ratio

0 x

Debt to Assets Ratio

0 x

Financial Leverage

2.5 x1.7 x3.4 x

Half Year

USDH1, 2018

Cash

343.3m

Accounts Receivable

20.5m

Prepaid Expenses

652.9m

Inventories

887.2m

PP&E

92.5m

Total Assets

3.2b

Accounts Payable

450.1m

Total Liabilities

1.5b

Total Equity

1.6b

Financial Leverage

2 x

Bitmain Cash Flow

Annual

USDFY, 2015FY, 2016FY, 2017

Net Income

48.6m113.6m701.4m

Depreciation and Amortization

64.0k344.0k3.6m

Accounts Receivable

2.1m2.0m1.1m

Inventories

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

Accounts Payable

5.0m(1.3m)378.0m

Cash From Operating Activities

(5.6m)(96.4m)(191.6m)

Capital Expenditures

(304.0k)(3.8m)(26.3m)

Cash From Investing Activities

31.9m94.4m483.7m

Short-term Borrowings

(144.0k)(144.0k)

Cash From Financing Activities

20.2m(21.1m)22.2m

Net Change in Cash

46.6m(23.0m)314.3m

Free Cash Flow

(5.9m)(100.1m)(217.9m)

Half Year

USDH1, 2017H1, 2018

Net Income

83.0m742.7m

Depreciation and Amortization

573.0k5.6m

Accounts Receivable

(31.4m)(19.1m)

Inventories

(190.6m)(1.0b)

Accounts Payable

47.7m56.0m

Cash From Operating Activities

(14.8m)(621.8m)

Capital Expenditures

(2.8m)(86.1m)

Cash From Investing Activities

76.5m381.5m

Long-term Borrowings

(144.0k)

Cash From Financing Activities

(145.0k)248.8m

Net Change in Cash

61.5m8.5m

Free Cash Flow

(17.6m)(708.0m)

Bitmain Ratios

USDFY, 2015

Financial Leverage

2.5 x

Bitmain Operating Metrics

Bitmain's Enterprise Customers was reported to be 80 k in H1, 2018.
FY, 2015FY, 2016H1, 2017FY, 2017H1, 2018

Copyrights Pending

40

Domain Names Registered

25

Engineers And Scientists

840

Enterprise Customers

6 k46 k80 k

Mining Farms Opened

11

Mining Pools Operated

2

Patent Applications

168

Patents Issued

54

Sets of Mining Hardware Sold

226.9 k261.7 k178.5 k1.62 m2.56 m

Sets of Mining Hardware Stored

200 k

Trademark Applications

407

Trademark Applications (Foreign)

145

Trademarks

66

Trademarks (Foreign)

46

Warehouses Operated

7

Bitmain Employee Rating

3.126 votes
Culture & Values
2.3
Work/Life Balance
3
Senior Management
2.3
Salary & Benefits
3.1
Career Opportunities
2.7
Source