Sequoia Capital China said to lead $400m pre-IPO round in bitcoin miner Bitmain

Bitmain Technologies
Bitmain cofounder Jihan Wu. Photo: Bloomberg

Venture capital firm Sequoia Capital China has reportedly led a $400 million pre-IPO round in local bitcoin miner and mining chip designer Bitmain Technologies Ltd, in a deal that valued the company at $12 billion.

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