The largest Chinese manufacturer of mining equipment Bitmain received $ 50 million investment from a number of venture firms. This is written by Bloomberg.
According to the publication, such well-known companies as Sequoia Capital, ING Capital, as well as a number of unnamed investors took part in financing.
It also became known that the Chinese giant intends to diversify the business of manufacturing chips for the sphere of artificial intelligence, and also to build mining farms in the US.
Also, according to one of the anonymous sources, within the framework of the Bitmain deal, management consulting services will be provided.
The mining pool owned by Bitmain Antpool is currently the second largest in the world (after BTC.TOP):