The top ten Bitcoin mining machine manufacturers in the world

On June 20, Canaan Creative, a company whose main business is manufacturing chips for Bitcoin "mining machines", was sold at a high price of 3.06 billion just three years after its establishment. The buyer was the listed company Luyi Tong (300423.SZ), whose main business is the manufacture and sale of high and low voltage electrical equipment.

The founder of Canaan Creative is Zhang Nangeng. He is well-known in the Bitcoin community and is known as "Pumpkin Zhang". Five years ago, he was an engineering graduate student who stayed in his dormitory and played anime. After that, he started a business to develop and produce chips for Bitcoin mining.

Behind this "shocking" acquisition is the popularity of Bitcoin transactions. In recent years, Bitcoin has experienced ups and downs, and its price has fluctuated greatly. At the end of May this year, the price of Bitcoin changed from the original slump to a round of crazy growth. In this vent, Zhang Nangeng sold the company to Luyitong for 3 billion yuan. If the reorganization is completed, the 33-year-old "Pumpkin Zhang" will gain nearly 500 million yuan in wealth.

There is no need to envy Lu Yitong’s fast hand speed, nor to envy Pumpkin Zhang’s soon-to-skyrocketing net worth. Below, Morning Sentinel has searched for ten Bitcoin “mining machine” manufacturers around the world that are worth paying attention to. Seize the investment opportunities, and perhaps you will be the next trend-setter at the forefront.

-   Butterfly Labs

Butterfly Labs was founded in 2010 and is headquartered in Kansas, USA. It is a company that specializes in producing ASIC-based Bitcoin mining machines. It sold about 2,300 slower FPGA mining machines between 2011 and 2012, and announced the sale of faster ASIC mining machines in June 2012, with the lowest price of 5 GH/s mining machines being $274 and the highest price of 500 GH/s being $22,484.

-   GAW Miners

GAW Miners was founded in 2014 and is headquartered in the United States. It calls itself the "largest Bitcoin computer supplier." It once sold millions of dollars worth of Hashlet cloud mining machines in a week. GAW Miners CEO Mr. Josh Garza said, "Hashlet has brought more people into Bitcoin than any other product in the world." GAW Miners has also invested in digital currency payment processor GoCoin.

-KnCMiner​

KnCMiner was founded in 2013 and is headquartered in Stockholm, Sweden. It was jointly established by two powerful companies ORSoC AB and Kennemar & Cole AB. It was once the fastest growing and technologically advanced Bitcoin mining machine manufacturer in the world. A few months ago, KNC once announced that the new generation of 16nm Bitcoin mining machine chips would be put into production soon. KNC is a startup company that raised $32 million in venture capital. Its investors include international venture capital firm Accel and Nordic venture capital firm Creandum, but the company filed for bankruptcy protection in May 2016.

- BitFury Group

BitFury was founded in Russia in 2011, with management offices in San Francisco and Amsterdam, and data centers in Iceland and Georgia. In the early days, it was an ASIC bitcoin mining chip R&D team, and now it has transformed into blockchain basic data services and transaction processing services. BitFury's management team and board members are composed of experienced industry veterans who have management experience in semiconductor engineering, corporate development and corporate investment.

- 21 Inc

21 Inc is a Silicon Valley bitcoin startup known to the public for producing the first home computer capable of mining. It has raised $116 million in funding, with major investors including venture capital firms Andreessen Horowitz and RRE Ventures. Qualcomm has also made a strategic investment in the company through its venture capital arm. Matthew Pauker, the company's co-founder and CEO, said 21 Inc aims to promote mainstream users to accept bitcoin.

-   BTCS

BTCS Co., Ltd. (formerly known as Bitcoin Shop) is located in Nevada, USA. It is a comprehensive Bitcoin service company. In the early days, it specialized in Bitcoin mining and consumer services, helping consumers use digital currency to shop. In 2015, BTCS invested $1.5 million in Spondoolies-Tech to enter the mining industry. Currently, BTCS has transformed into a blockchain technology company.

-   Spondoolies-Tech

Spondoolies-Tech is an Israeli company that develops bitcoin mining equipment. Its mining equipment has long been regarded as an industry benchmark due to its high efficiency. For the mining hardware industry, Spondoolies-Tech has a bright future in the bitcoin industry. However, in May this year, Spondoolies announced that it would stop operating due to financial losses. At the same time, Spondoolies' employees are applying to the court for a temporary asset liquidator, hoping to find new investors for the company, or find a suitable company to acquire Spondoolies.

- Beijing Canaan Creative Information Technology Co., Ltd. (Canaan-creative)

Founded in 2013, Canaan Creative is a manufacturer of supercomputing chips and digital blockchain computing equipment, a provider of blockchain computing overall solutions, and the first company in the world to develop SHA256 dedicated computing equipment. Its equipment is sold to more than 30 countries and regions around the world, accounting for 30% of the chips sold to the world's dedicated equipment in the field of repeated computing. Canaan Creative is also the parent company of Avalon, a world-leading Bitcoin mining solution service provider.

-Beijing Bitmain Technology Co., Ltd. (Bitmain)

Founded in early 2013, Bitmain is committed to providing supercomputing chips, hardware and software products such as high-speed, low-power computing chips, high-power, high-density computing servers and large-scale parallel computing software. The company's customers are spread across more than 100 countries and regions around the world. Bitmain is headquartered in Beijing, with subsidiaries in Hong Kong, San Francisco, Shenzhen, Chengdu and other places. The core R&D team comes from China and the United States. Bitmain's Antminer, Antpool and HashNest are all ranked first in the global market.

-   Shenzhen Bitquan Information Technology Co., Ltd. (ASICMiner)

ASICMiner was founded in June 2012. As the earliest team to try to use ASIC chip technology to achieve hash calculations and obtain Bitcoin, it achieved unprecedented success in the early stages of its business. The founder "Baomao" announced the IPO and established ASICMINER in the Bitcoin Forum in August 2012, with a total of 400,000 shares issued, of which the public held 163,962 shares, Shenzhen Bitfountain Co., Ltd. held 236,038 shares, and the original shares were 0.01BTC per share. Since its establishment, the company has focused on the research and development, sales and computing power deployment of SHA-256 dedicated chips and Bitcoin mining machine products. The current focus is still on core technologies such as chip technology, control technology, and board-level design technology. Today's story is condensed in the following case: Luyitong, a listed company, announced that it plans to acquire a company whose main business is manufacturing chips for Bitcoin "mining machines" for 3.06 billion yuan.