Sequoia Capital, IDG to Invest in Bitmain

Sequoia Capital and IDG Capital are investing in Bitmain, the world’s largest bitcoin mining company; Bitmain is seeking $50 million in funding to expand its artificial intelligence capabilities, after previously focusing on developing chips for mining; Bitmain claimed in August that the company is at a $1 billion valuation, and is planning an IPO. Source

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!

[class^="wpforms-"]
[class^="wpforms-"]