BITMAIN - About the company
BITMAIN is a series C company based in Beijing (China), founded in 2013 by Jihan Wu and Micree Zhan. It operates as a Developer of hardware solutions for crypto mining. BITMAIN has raised $950M in funding from investors like Sequoia Capital, Coatue and EDBI, with a current valuation of $14.5B. The company has 227 active competitors, including 28 funded and 23 that have exited. Its top competitors include companies like Bitdeer, Helium and Bitfury.
Sectors and market segments that BITMAIN operate in
BITMAIN serves in the FinTech, Blockchain Technology, High Tech market segments.The primary business model of BITMAIN are:Company Details
Developer of hardware solutions for crypto mining. It provides users with a platform that is based on the application-specific integrated chip miner technology for Bitcoin mining. It also offers cloud solutions, for blockchain and artificial intelligence applications.
- Website
- www.bitmain.com
- Social
- Email ID
- *****@bitmain.com
Key Metrics
Founded Year
2013
Location
Beijing, China
Stage
Series C
Total Funding
$950M in 3 rounds
Latest Funding Round
Post Money Valuation
$14.5B as on Aug 13, 2018
Investors
Ranked
1st among 227 active competitors
Employee Count
440 as on Aug 31, 2026
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BITMAIN's funding and investors
BITMAIN has raised a total funding of $950M over 3 rounds. Its first funding round was on Sep 04, 2017. BITMAIN has 29 institutional investors.
Here is the list of recent funding rounds of BITMAIN:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Aug 13, 2018 | $560M | Series C | $14.5B | - | - | - |
Jul 06, 2018 | $340M | Series B | - | - | - | |
Sep 04, 2017 | $50M | Series A | - | - |
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BITMAIN's founders and board of directors
Founder? Claim ProfileHere are the details of BITMAIN's key team members:
- Jihan Wu: Former Co-Founder of BITMAIN and founder of 3 other companies, Bitdeer, Cactus Custody and Matrixport. They are also an angel investor in 2 startups.Contact Info: 2 email addresses
- Micree Zhan: Co-Founder & CEO of BITMAIN. Contact Info: 1 email address
View details of BITMAIN's Founder profiles and Board Members
BITMAIN's employee count trend
BITMAIN has 440 employees as of Aug 26. Here is BITMAIN's employee count trend over the years:
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BITMAIN's Competitors and alternates
Top competitors of BITMAIN include Bitdeer, Helium and Bitfury. Here is the list of Top 10 competitors of BITMAIN, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Developer of hardware solutions for crypto mining | $950M | 77/100 | ||
2nd | Developer of pool mining solutions for cryptocurrency | $12M | 70/100 | ||
3rd | Helium 2006, San Francisco (United States), Series D | Hardware mining solutions for cryptocurrency | $370M | 66/100 | |
4th |  Bitfury 2011, Amsterdam (Netherlands), Series D | AI and blockchain-based platform offering cryptocurrency mining solutions | $181M | 65/100 | |
5th |  Marathon Digital Holdings 1997, Fort Lauderdale (United States), Public | Operator of data centers focused on energy transformation and digital assets | - | 64/100 | |
6th | Developer of ASICs for block-chain computing | $43.7M | 63/100 | ||
7th |  BitMine 2021, Las Vegas (United States), Series B | Bitcoin mining & hosting platform | $258M | 60/100 | |
8th | HIVE Blockchain Technologies 1987, Vancouver (Canada), Public | Crypto-mining solutions | - | 57/100 | |
9th | _1569909398332.png?devicePixelRatio=2&height=30&width=30){kind=logo} Argo Blockchain 2017, London (United Kingdom), Public | Sustainable mining and blockchain development solutions for Bitcoin | - | 57/100 | |
10th | ePIC Blockchain 2017, Toronto (Canada), Series A | Hardware-based mining infrastructure for cryptocurrencies | $7.6M | 55/100 |
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BITMAIN's Investments and acquisitions
BITMAIN has made 29 investments in companies including BEVM and Core Scientific. BITMAIN has also acquired 2 companies including Blocktrail and Hashnest.Here is the list of investments & acquisitions:
Filter this list
Filter this listDate of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Apr 30, 2024 | Investments | 2023 | Singapore (Singapore) | |
Sep 21, 2023 | Investments | 2017 | Bellevue (United States) | |
Mar 23, 2022 | Investments | 2014 | Oslo (Norway) |
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Reports related to BITMAIN
Here is the latest report on BITMAIN's sector:
News related to BITMAIN
Filter this listMedia has covered BITMAIN for a total of 14 events in the last 1 year, 7 of them have been about company updates and 1 about partnerships.
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Strategy Acquires 1,665 Bitcoin for $142.7 Million, Increasing Holdings to 847,666 BTCCrypto Economy•Sep 28, 2026•Strategy, BITMAIN
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Eric Trump-Backed Bitcoin Miner Posts $81.8M Loss Amid Growing ScrutinyThe Crypto Times•May 07, 2026•BITMAIN
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Bitmine Acquires 32,977 ETH, Strengthens Position as Top ETH HolderBitcoin Ethereum News•Jan 06, 2026•BITMAIN
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BitMine's ETH Buying Spree Continues With $140M Purchase Via FalconXThe Crypto Times•Dec 18, 2025•BITMAIN
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Hyperscale Data receives 1,000 Bitmain S21+ miners, orders 1,000 moreSeeking Alpha•Oct 16, 2025•Hyperscale Data, BITMAIN
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Tether is seeking to raise $200 million for a DAT to stockpile tokenized gold product XAUT
PANews•Oct 04, 2025•Antalpha, Tether, Paxos, BITMAIN and 3 others
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DL Invests HK$320 Million with BITMAIN to Break Hashrate Limitsriaugreen.com•Sep 30, 2025•DL Holdings, BITMAIN
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