Bitmain Invests in EOS Blockchain, Along With Peter Thiel and Others

On July 16, Block.one raised another round of funding in Hong Kong, led by entrepreneur and venture capitalist Peter Thiel. The firm is the publisher of EOS blockchain, which offers EOS tokens, the ninth largest cryptocurrency in the world. The world’s biggest crypto-mining company, Bitmain, has also invested in the venture. Alan Howard from Brevan Howard and Louis Bacon from Moore Capital, both hedge fund billionaires, are other investors who raised funds for the blockchain company.
Block.one Raises More Funds

The previous funding round for the company witnessed investments from Mike Novogratz of Galaxy Digital, Christian Angermayer, and Lansdowne Investment Company Ltd.

Block.one CEO Brendan Blumer said that the company is excited to bring key strategic investors on board who could help them in creating a more connected and secure world.

Thiel’s involvement in the project is big news for the EOS community. He is the founder and former CEO of PayPal and has been involved in some of the biggest tech companies, including Facebook, LinkedIn, and Yelp. Thiel was rumored to have bought Bitcoin worth $15 to $20 million earlier this year.

For the company, it is an important step toward achieving its goals. Recently, it announced two important new hires. The former CEO of Jefferies Asia, Mike Alexander, will now lead the company’s EOS VC arm. On the other hand, Rob Jesudason, the former CFO of Commonwealth Bank of Australia, will take over as Group President.
Bitmain’s entry into the EOS blockchain reveals the company’s plans for expansion. Considered the leading semiconductor company and the largest blockchain hardware manufacturer company in the world, Bitmain is valued at over $12 billion. It is currently the most valuable blockchain brand in the world and is eons ahead of the second-biggest mining company, Canaan, which is reportedly valued at just $1 billion.

Source : https://blokt.com