Bitmain, formally known as Bitmain Technologies Ltd., is a privately owned company based out of Beijing, China. The company is known for producing the largest amount of mining hardware in the world. Bitmain specializes in designing application-specific integrated circuit (ASIC) chips. These chips are used for the mining process of bitcoin. Bitmain also offers servers and cloud solutions for blockchain and artificial intelligence (AI) applications.
Bitcoin was founded in 2013 by Jihan Wu and Micree Zhan. The main headquarter of Bitmain is in the Haidian District in Beijing. Other than the headquarters, Bitmain has R&D centers in Hong Kong, Singapore, and the United States. Bitcoin is considered among the world’s top 10 bitcoin mining hardware producers and China’s second-largest fabless IC designers. Bitmain is responsible for shipping billions of ASICs, which account for 75% of the global market. They are also one of the world’s few companies with the capability to develop cloud-based AI chips.
Bitmain has also released five generations of AI chips. Their AI chips are equipped with advanced tensor acceleration, which is capable of deep learning. So these chips can also be utilized for a wide range of functions such as facial recognition, automated driving, smart security, and many more. Bitmain also operates BTC.com and Antpool, which are two of the largest mining pools for bitcoin. As of 2018, Bitmain had 11 mining farms in China.
Bit5ive is the official distributor of Bitmain, the industry’s leading chipless computer chip manufacturer, and is responsible for distributing Bitmain’s Antminer series of mining machines in more than 30 countries in Latin America, Central America, and the Caribbean. And distribute P0D5 and Power Skid 2.5, which is the most effective and successful cryptocurrency mining hardware infrastructure. After the launch of Bitmain’s Antminer S19 series, it quickly gained a foothold in the cryptocurrency mining market. Calculated at a rate of 110 trillion hashes per second (TH/s), which is more than 24 trillion times faster than some of its closest competitors, mining hardware enables data centers to improve their current Bitcoin mining operations significantly. Efficiency and profitability. The company has received its first North American order for its new product line in the past few days. Washington-based mine layout company Core Scientific approved the purchase of 17,595 S19 Antminer mining machines. Through the alliance with Bit5ive, ISW Holdings will provide its customers with more product portfolios and the most advanced mining technology in the world market. New hardware products and a series of ISWH value-added services will help our partners run profitable and efficient cryptocurrency mining projects and take advantage of the incredible future growth path predicted by the cryptocurrency market.