Bitmain is ranked 13th on the list, with Hurun valuing the company to be worth 70 billion yuan ($10.3 billion USD approximately).
Canaan Creative also holds a significant position on the list, sitting at 32nd (tied with 20 other companies) with a valuation of roughly 20.34 billion yuan (approximately $3 billion USD).
Ebang ranks 53rd alongside 38 other companies with an approximated valuation of 10.17 billion yuan (roughly $1.5 billion USD).
All three companies recently indicated their desire to conduct initial public offerings on the Hong Kong Stock Exchange in the coming months.
As of July 16th, 3,078 companies had registered names containing the term “qukualian” (the Chinese translation of ‘blockchain’) during 2018, bringing the total number of firms with distributed ledger technology-themed names in China to more than 4,000.
Bitcoin Mining Firms Join Unicorn List For The First Time Who doesn’t want to be a unicorn? For the first time ever, three Bitcoin mining companies have entered the “unicorn” list, a list of private companies that are valued at more than $1 billion USD.
Three bitcoin mining companies have joined a list of “unicorns” – private companies valued at over $1 billion – for the first time. The Shanghai-based Hurun Research Institute published its Q2 Unicorn Index for the Greater China region on Wednesday, which notably included the names of several major bitcoin mining firms: Bitmain, Canaan Creative and Ebang.
Once your startup has taken off in your local market, expanding geographically is a natural next step. Asia is likely to be on your target list given its promising consumer market that comprises a burgeoning middle-class with a high spending power, as well as increasing mobile and internet connectivity.
\Chain Accelerator has launched in France. It is the first startup acceleratordedicated to the blockchain that can call Europe its home. Among the organization’s chief operators are Hyperloop Transportation Technologies chairman Bibop G.
A shift in the digital currency environment may occur due to Russia's latest decision to utilize the Chinese yuan instead of the U.S. dollar in trade settlements with nations in Asia, Africa, and South America.
Recent events in China indicate the country’s paradigm shift concerning digital currency. The digital yuan (e-CNY) is gradually forming a significant part of the Chinese currency through its rapid development.
Amid the ongoing global CBDCs adoption, China proposes an Asian-wide digital currency to reduce the continent’s economic reliance on the US dollar. USD is unquestionably the most widely used international currency.
In contrast to many other nations, China has adhered strictly to a zero-COVID policy, resulting in the repeated shutdown and closure of non-essential enterprises in key financial centres such as Shanghai.
