Bitmain Raises $400 Million in Pre-IPO Funding, Now Valued at $12 Billion: Report

Bitmain, the dominant force in bitcoin mining, has reportedly raised $400 million as it gears up to go public later this year. Regional media outlet China Money Network reports that the funding round, which values the China-based firm at $12 billion, was led by Sequoia Capital China, a VC that has been quite active in

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