Mining giant Bitmain earns $ 50 million from the financing chain

Bloomberg reported that the mining company Bitmain company based in China will receive an investment worth $ 50 million from a number of venture capital firms. One of the world's largest mining companies and Bitmain mining producers is said to be increasing funding from participants including Sequoia Capital, ING Capital, and many other investors who have not been identified as part of the plan to raise their profile among investors.

Bloomberg also said the company plans to expand production of artificial intelligence chips and build mining compounds in the United States. The unnamed source, according to the report, claimed that the investment companies also intend to provide management advice to Bitmain as part of the deal. On the other hand, Bitmain Mining is currently the second most powerful mining complex in the world - where the metalworkers' synergies are combined to get a better chance of solving the blocks and receiving rewards from the Pitcairn. Currently, Antpool, as it is known, controls 15.3 percent of the total online operations of Hashim.