Chinese crypto mining giant Archives

Crypto Mining Giant Bitmain Invests In Blockchain Data Storage Startup Lambda

Decentralized infrastructure startup Lambda has received an undisclosed financial investment from Chinese crypto mining giant Bitmain.

Lambda is a scalable blockchain infrastructure project, which claims to provide decentralized applications (DAPPs), data storage capabilities with unlimited scalability. The platform also offers services such as multi-chain data co-storage,

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

Investing, News | August 8, 2018 By: Maricel Custodio

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.