A Chinese Mining Giant Bitmain Invests $12 Billion Into EOS

bitmain invested in eos

As we reported earlier, one of the major cryptocurrency companies Bitmain was included in the list of official EOS block producers. These producers are required to let the main network of EOS operate without interruptions. However, Bitmain’s leader, Jihan Wu, decided to go beyond the status of a block producer and became an investor of the platform.

Block.one, a software developer company working on the EOS protocol, will receive an impressive investment worth $12 billion from Bitmain and an American businessman Peter Thiel.

According to Jihan Wu, he sees EOS as a quite potential platform which will be very beneficial for lots of other startups and products in future.

He stated:

The EOSIO protocol is a great example of blockchain innovation. Its performance and scalability can meet the needs of demanding consumer applications and will pave the way for mainstream blockchain adoption.”

Meanwhile, the representative of Block.one are also pretty enthusiastic about the cooperation. They are interested in finding strong partners to advance and improve their project.

Actually, it is not the first large investment of Bitmain in the recent months. The cryptocurrency mining company has also contributed $50 billion to the web browser Opera.

We would like to remind you that Opera became the first among the top web browsers to implement its own cryptocurrency wallet.

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