Top Bitcoin Mining Company Bitmain Invests in Lambda Blockchain Data Storage Firm

Decentralized Infrastructure Startup Lambda Receives Financial Investment From Bitcoin Mining Giant Bitmain

Lambda has announced that its a recipient of financial investment from Bitmain Technologies Ltd., the world’s largest producer of application specific integrated circuit miners (ASIC) for cryptocurrency mining, to support secure blockchain-based infrastructure and decentralized applications (DApps).

Lambda is a decentralized infrastructure startup that provides unlimited data storage via the blockchain.

Bitmain is responsible for creating leading consumer-grade, power-efficient bitcoin and cryptocurrency miners based on 16nm ASIC chips. Bitmain produces a large number of high quality, efficient computing chips, high density server equipment, and large-scale parallel computing software. The company also operates the largest cryptocurrency mining pools worldwide—Antpool.com, BTC.com and connectBTC.com—as well as hashnest.com, the leading cloud mining platform.

According to Xiaoyang He, CEO of Lambda, Bitmain has demonstrated its commitment to expanding strong, DApp blockchain companies such as Lambda. This investment from a global industry leader is a significant endorsement and recognition of Lambda’s longstanding dedication in creating a world-class blockchain-based storage solution, He added.

A spokesperson at Bitmain said storage is an interesting development area in blockchain infrastructure and Lambda’s technology vision, pragmatic roadmap, and progress to-date have been key factors for Bitmain.

Lambda is a fast, safe, and scalable blockchain infrastructure project, which provides decentralized applications (DAPPs), data storage capabilities with unlimited scalability and fulfills services such as multi-chain data co-storage, cross-chain data management, data privacy protection, provable data possession (PDP), and distributed intelligent computing through logic decoupling and independent implementation of Lambda Chain and Lambda DB.

Bitmain—founded in 2013 and headquartered in Beijing—transforms computing by building industry-defining technology in cryptocurrency, blockchain, and artificial intelligence (AI).