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Bitmain

Manufacturer of bitcoin mining hardware designed to offer cryptocurrency.
Other Hardware 📍 Beijing, China Founded 2013
Current Valuation
$15B
as of 2018-Q3
DECACORN
Bitmain designs and sells the Antminer ASIC rigs that dominate bitcoin mining and operates AntPool, one of the largest mining pools. Its $15B valuation dates to a $1B pre-IPO round in 2018; the Hong Kong listing it filed for that September lapsed, and a confidential US filing reported at the end of 2019 never completed either. Revenue moves with the bitcoin price, network difficulty and the halving cycle, which is precisely why the listings stalled.

Company Profile

Founded
2013
HQ
Beijing, China
Employees
3,100
Total Raised
$764.75M
Growth
Valued at $15B post-money in its 2018 pre-IPO round, with bankers at the time floating $40B-$50B for a listing that never happened — the Hong Kong filing lapsed and a reported US filing went nowhere. No priced round has re-tested the mark since.
Last Round
Series B1 — $422.05M (Aug 2018)
IPO Status
private

Fundraising Status

Series B1 · $422.05M · 8y ago
privateTotal raised $764.75M

Secondary Market

Implied price / share
$1.75
Last round price / share
$1.3
vs last round
+34.6%
Last round price vs secondary price
Last round vs current secondary price per share$1.30Last round$1.75Current
Secondary price return by period
Secondary market period returns3-month0.0%6-month0.0%1-year0.0%All-time0.0%
Implied per-share price from private secondary transactions, as of Jun 2026. This is a point estimate, not a quote — the feed carries no bid, ask or spread, and a secondary print is evidence of what someone paid on that date rather than a live market. Compare across every tracked name →

Latest Funding Round

RoundAmountDateLead InvestorPost-Money
Series B1$422.05MAug 2018$15B

Founders & Key People

Micree ZhanJihan Wu

Investors

Sequoia Capital China · IDG Capital · Coatue Management · GIC · EDBI

Products

  • Antminer ASIC bitcoin miners
  • AntPool mining pool
  • Mining hosting and hardware services
  • AI/ASIC chip design (Sophon line)

Competitors

MicroBT · Canaan Creative · Ebang · Intchains
Crypto MiningSemiconductorsASICHardwareChina
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2018-Q3. Refreshed quarterly.