Crypto Mining Giant Bitmain Completes Pre-IPO Round, Hits $15B USD Valuation

Investing, News | August 8, 2018 By:

Chinese crypto mining hardware manufacturer Bitmain is now reportedly valued at $15 billion after closing a $1 billion pre-initial public offering (IPO) funding round.

The pre-IPO, which closed on Saturday, includes investments from Chinese technology conglomerate Tencent and Japan’s Softbank, a tech giant heavily invested in a number of tech ventures globally including its standing as Uber’s largest shareholder.