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Bitmain

CryptoInvestingIPO / SPAC
·Jul. 13, 2020

How Coinbase Pre-IPO Economics Could Get a $15 Billion Valuation

Coinbase is going to go public.

The news hit Reuters, then Coindesk, and then the rest of the world. It feels like big news! The crypto broker is beating Robinhood, Acorns, Stash, Revolut, Betterment, and Wealthfront to the public markets. It's even beating SoFi, which is trying to get a national bank license (and who doesn't want to own a bank!).

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Asia/PacFintechNews Roundup
·Aug. 21, 2017

World’s Leading Bitcoin Miner Bitmain Preparing for a Possible IPO

Bloomberg and Quartz have recently been granted access to one of the largest bitcoin mines in the world operated by Bitmain; this Bitmain mine generates about a quarter of a million dollars a day worth of bitcoin; Bitmain's valuation is in the billions and the company is preparing for a possible IPO; Bitmain is also investing in an expansion to US. Source

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Peer to Peer Lending
·Aug. 8, 2017

Wu Jihan: The Mysterious Man Behind Bitcoin Blockchain Split

Starting August 1 at about 8:20 am EST, the Bitcoin blockchain split and there was a new set of tokens...
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Asia/PacFintechNews Roundup
·Sep. 5, 2017

Sequoia Capital, IDG to Invest in Bitmain

Sequoia Capital and IDG Capital are investing in Bitmain, the world's largest bitcoin mining company; Bitmain is seeking $50 million in funding to expand its artificial intelligence capabilities, after previously focusing on developing chips for mining; Bitmain claimed in August that the company is at a $1 billion valuation, and is planning an IPO. Source

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Asia/PacFintechNews Roundup
·Aug. 9, 2017

Lend Academy Article: Wu Jihan: The Mysterious Man Behind Bitcoin Blockchain Split

Bitcoin blockchain split on August 1, and rumors are that Bitmain CEO Wu Jihan is the man behind the split; Wu Jihan is an aggressive supporter for Bitcoin Unlimited, which believes that the size of these blocks should be increased; Wu Jihan's company, Bitmain, is the world's largest bitcoin mining hardware manufacturer; the company also runs the world's biggest mining pool, AntPool. Source

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