Most Valuable Crypto Company in the World Bitmain Opens Silicon Valley Office

Bitmain Opens 20,000 Sq. Foot Office In Silicon Valley

The most prized firm in the crypto industry, Bitmain, has opened an office in the Silicon Valley. This is in preparation for the company’s initial coin offering later in 2018. According to reports from the Silicon Valley Business Journal, the company, based in China, occupied a 20,000 square foot office space in downtown San Jose, CA.

The firm occupied the last remaining space at Riverpark Towers office building, an office which has of late become a center for tech startups comprising of companies like WeWork, Okta, and Cohesity.  The company’s spreading out into Silicon Valley did not come as a surprise to many.

The most valued company in the crypto industry

This is mainly due to the fact that recently, it realized a $400,000 funding round, also being valued at $12 billion. As a result, it is regarded as the most valuable cryptocurrency firm in the world, in addition to being one of the most privately-owned tech startups. Reports indicate that Bitmain expects to realize as high as $40 billion after it goes public in the not so distant future.

It is highly expected that the decentralization may be the cadence for the crypto bionetwork. This is because firms in the industry have in many ways tended not to venture out into other regions, with many preferring to center themselves near the same physical location as the broader tech industry.

In this particular circumstance, the spreading out is perfectly designed to assist Bitmain realize success of the mushrooming digital empire. In the recent past, Bitmain has been making directed growth into North America. This may also be an indication of the fears surrounding the crypto industry’s indeterminate future in a nation like China. It is for this reason that mining centers have been opened in Quebec and Washington.

Additionally, Bitmain started to make key investments in other similar companies, with the idea of going to Silicon Valley being obviously to be of benefit to its VC arm.  In this regard, the company recently invested $50 million in an internationally renowned web browser. In this way, it was able to obtain a controlling stake in the said company.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

PoolTogether's ‘No Loss' Gambling Platform Utilizes Chainlink’s VRF on Ethereum to Select Winners

Chainlink announces its verifiable random function on the Ethereum mainnet, bringing a host of benefits to the decentralized platform. PoolTogether, a gamified savings platform...

Digital Assets Beat Traditional Assets by a Wide Margin & Ethereum Outperforms Bitcoin

In 2020 to date, Bitcoin has seen a positive performance of 80% and Ethereum 217%. With these gains, digital currencies are leading this year, with...

Filecoin Miners Will Receive 25% Of The FIL Rewards Immediately After A Successful Network Upgrade

Filecoin (FIL) miners set to receive 25% of their rewards instantly for miners that successfully activated the FIP-004 protocol at block number #170,000. Given...

PayPal Exploring Acquiring Crypto Companies, Already in Talks with Bitcoin Custodian BitGo

PayPal is now exploring acquisitions of crypto companies, including bitcoin custodian BitGo, reported Bloomberg. This week, Paypal announcing support, buy, sell, and hold for cryptos...

Bitcoin Is Having A “Sell-Side Liquidity Crisis,” As BTC Buyers Outweigh the Sellers

After an explosive start of the week that took us to a 13-months high of $13,300, Bitcoin is taking a breather just under $13,000. Interestingly,...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today