China Concept IPO: Bitmain Technology Holding Company, the world's largest Bitcoin mining machine manufacturer

Bitmain Technology Holding Company (NASDAQ: BM), founded in 2013, headquartered in Haidian District, Beijing, has R&D centers in Hong Kong, Singapore, the United States and other places. According to Frost&Sullivan's statistics, the company is one of the top ten fabless factory integrated circuit design enterprises in the world, the second largest fabless factory integrated circuit design enterprise in China, and also Largest in the world Bitcoin mining machine manufacturer (The second largest is Jianan Technology ）。

The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/bm.html

Bitmain Technologies Ltd. (BM) US Equities Encyclopedia

BitContinental Technology Holding Co., Ltd. is a world leading computing chip company with the most advanced integrated circuit process design capability in the world. The company's products include computing chip, computing server and computing cloud, which are mainly used for Blockchain and artificial intelligence Domain. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/bm.html

BitContinental has advanced design capabilities under various chip process standards, and has mastered chip design capabilities based on the world's most advanced 5nm process technology. In the blockchain market, the company has shipped billions of chips, accounting for about 75% of the global market share. The company is one of the few companies in the world capable of developing cloud AI chips, and has successfully launched four generations of AI chips. The company's AI chips are suitable for the special tensor acceleration calculation in the field of deep learning, and can be widely used in many AI scenarios such as face recognition, automatic driving, urban brain, intelligent government, intelligent security, intelligent recommendation, intelligent medical treatment, etc. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/bm.html

Bitmain Technologies Ltd. (BM) Business Encyclopedia

BitContinent is engaged in cryptocurrency related industries and artificial intelligence industries, including production of robots, production of mining machines, provision of mining pools and cloud mining services. At present, the average annual profit of BitContinental is about US $3 billion to US $4 billion. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/bm.html

1. Mining machine The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/bm.html

BitContinental's main business is to produce ant mining machines. Ant mining machine is used to mine different cryptocurrencies, including Bitcoin , Ether, Dashi, Lite, etc. In addition, BitContinent also launched the Ant Box in 2018. This product allows the ant miner to work in a space similar to a container. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/bm.html

2. Ore pool The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/bm.html

An ant mine pool is operated to provide Bitcoin and Bitcoin cash mining services. At present, it accounts for about 12.5% of Bitcoin's accounting rate and about 10% of Bitcoin's cash accounting rate, ranking second and fourth. BitContinent is Largest in the world A cryptocurrency company with an estimated value of 12 billion US dollars, invested in the development company Block.one behind EOS together with billionaire technology investor Peter Thiel. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/bm.html

3. Cloud mining The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/bm.html

Hashnest under its jurisdiction specializes in cloud mining services with about 400000 users (October 2019). The website gets about 1.6 Bitcoin every day (2018.5). The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/bm.html

Bitmain Technologies Ltd. (BM) financing encyclopedia

• On September 4, 2017, Round A financing was obtained by BitContinental IDG Capital , Sequoia Capital China, Sinovation Ventures invested 50 million US dollars.
• On June 11, 2018, Round B financing was obtained by BitContinental Sequoia Capital China led investment, EDBI and Coatue Management invested 292.7 million dollars.
• On August 4, 2018, the secondary market obtained the exclusive investment of Parafi Capital, and the amount was not disclosed.
• On August 7, 2018, in the B+round of financing, BitContinental obtained the lead investment from Crimson Ventures, Temasek Holdings , CAS Investment Management, Nor í s Capital and Huangpu River Capital.

Bitmain Technologies Ltd. (BM) operation:

• In 2017, the revenue, gross profit and after tax profit of BitContinental were 274 million, 134 million and 83 million dollars respectively;
• In 2018, the annual revenue, gross profit and after tax profit of BitContinental were 2.518 billion, 1.213 billion and 701 million dollars respectively;
• In the first quarter of 2019, the total operating revenue of BitContinental was $1.082 billion, of which the revenue in the first three months was $253 million, $253 million and $578 million, and the gross profit was $7.91 million, $14.7 million and $25.21 million, respectively;
• By the end of May 2019, the total assets of BitContinental were about $1 billion, excluding preferred stock The debt ratio of the company after that is 16%;
• IPO Previously, Zhan Ketuan and Wu Shihan, the two founders, were the main shareholders, holding 36% and 20% shares respectively.; In terms of investment institutions, Sequoia Capital Holding about 3.14%, Innovation Works holding about 1.13% Temasek 0.35%, IDG Capital and Beijing International Fund for Integrated Circuit Industry hold 0.02% and 0.07% respectively.
• In September 2018, BitContinental HKEx When the prospectus was submitted, the price of Bitcoin had fallen from its peak of the previous year - nearly $20000 to more than $6000. The whole currency circle was mired in mud, and the mining industry was about to enter the winter. According to media reports, in the third quarter of 2018, BitChina's revenue was only $200 million, but the loss was as large as $500 million, which led to doubts about its sustainable profitability and frustrated the IPO of Hong Kong shares.

Bitmain Technologies Ltd. (BM) US equity investment

This website will continue to update you with the latest information on BitContinental's IPO. Please pay attention!