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It had been Established by Micree Zhan and Jihan Wu in 2013. Previous to founding Bitmain, Zhan was running DivaIP, a startup that authorized consumers to stream tv to some video display by way of a set-top rated box, and Wu was a financial analyst and private fairness fund supervisor.[1]

One noteworthy controversy is definitely the lawsuit Bitmain submitted in opposition to Zuoxing Yang, a former chip style director, in 2017. Yang successfully appealed to a court docket in China to hold the patent revoked, leading to Bitmain's scenario becoming dismissed.

In spite of China’s 2021 ban on domestic copyright activity, these makers maintained worldwide dominance by concentrating on high-functionality chips tailor-created for mining.

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Market analysts estimate that Bitmain generates income of about $three billion per annum, In accordance with Bernstein Analysis.

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