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BITMAIN

Semiconductors · Beijing, China · Founded 2013 · Privately Held (backing)

Manufacturer of bitcoin cryptocurrency mining equipment intended for cryptocurrency mining enterprises, blockchain infrastructure providers, and large-scale data centers. BITMAIN is based in Beijing, China and was founded in 2013. It was valued at $12 billion at its Series B in Jul 2018, the last priced event on record. It has raised $765 million across 2 recorded rounds; the latest was a $400 million Series B in Jul 2018.

PMV mark · valuation
$12.0B
Oct 2026
Priced at
its Series B
Jul 2018
Total raised
$764.8M
Last round
Series B
Jul 2018

BITMAIN key facts

as of Oct 2026
  • Manufacturer of bitcoin cryptocurrency mining equipment intended for cryptocurrency mining enterprises, blockchain infrastructure providers, and large-scale data centers.
  • BITMAIN is valued at approximately $12.0B as of Oct 2026, set at its Series B, Jul 2018; nothing has traded since, per PrivateMarketView’s mark.
  • It has raised $764.8M across 2 recorded rounds; the latest was Series B ($400.0M) in Jul 2018.
  • Notable investors include Sequoia Capital, HSG (Hong Kong), Coatue Management, IDG Capital, Palm Drive Capital — 31 tracked in total.
  • Status: Privately Held (backing).
PrivateMarketView mark
LOW confidence
$12.0B

Valued at $12.0B at its Series B, Jul 2018. Nothing has traded since.

set by its last priced roundas of Oct 2026question about this number?
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BITMAIN funding rounds

2 rounds
Jul 2018Series B$400.0M▮
Sep 2017Series A$50.0M▮
Full funding history →

BITMAIN leadership

BITMAIN valuation

BITMAIN was valued at $12 billion at its Series B in Jul 2018. That is the last priced event on record: no secondary trade or institutional fund mark has moved the figure since.

How much has BITMAIN raised?

BITMAIN has raised $765 million in total; 2 of its rounds are on record. The largest on record was a $50 million Series A in Sep 2017; the most recent was a $400 million Series B in Jul 2018. 1 of the rounds disclosed a post-money valuation.

BITMAIN investors

31 investors are on record for BITMAIN, including Sequoia Capital, HSG (Hong Kong), Coatue Management and IDG Capital. By type, the record holds 5 venture capital firms and 1 hedge fund.

Who runs BITMAIN

2 people are listed on the BITMAIN team: 2 executives, including Ketuan Zhan (Micree Zhan) (Co-Founder) and Irene Gao (President of Mining).

Comparable companies

Comparable semiconductors names by valuation on PrivateMarketView: Etched ($21 billion), SambaNova ($11 billion) and d-Matrix ($2.3 billion).

About BITMAIN

Manufacturer of bitcoin cryptocurrency mining equipment intended for cryptocurrency mining enterprises, blockchain infrastructure providers, and large-scale data centers. The company develops and sells mining equipment for bitcoin miners using ASIC chip technology, enabling users to get high-quality and efficient computing chips, high-density server equipment, and large-scale parallel computing software.

Industry
Semiconductors
Sector
Information Technology
HQ
Beijing, China
Founded
2013
Employees
3,100
Ownership
Privately Held (backing)

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