Bitmain co-founder turns his second crypto venture into unicorn

A technician inspects bitcoin mining machines at a mining facility operated by Bitmain Technologies Ltd. in Ordos, Inner Mongolia, China. File pic

SINGAPORE: Matrixport, the crypto-finance venture led by Bitmain Technologies Ltd’s billionaire founder Wu Jihan, has raised fresh capital from investors including DST Global and Tiger Global, ramping up its pre-money valuation to US$1bil (RM4.22bil) in two years since its inception.

The Series C funding round was led by DST Global, C Ventures and K3 Ventures with other participants including Qiming Venture Partners and existing backers like IDG Capital and Dragonfly Capital, the firm said in a statement yesterday.