Matrixport, a Bitmain subsidiary, is looking to raise $ 40 million in a new round. This capital injection would reduce the valuation of Matrixport to $ 300 million. An ambitious company The startup Matrixport recorded between 7 and 8 million dollars in revenue last year and forecasts that this figure will double by the end of 2020. Thanks to its solid financial balance sheet, Matrixport intends to raise more than 40 million dollars from investors. If this initiative is successful, Matrixport's valuation will reach $ 300 million.

Matrixport is a subsidiary owned by the mastain Bitmain, the leading manufacturer of mining devices. The company offers a range of financial services to traders and investors in digital assets.

Matrixport's setbacks Meanwhile, chaos reigns within Bitmain. Indeed, last year, an internal war broke out within the company. The co-founders of Bitmain, Micree Zhan Ketuan and Jihan Wu had indeed fought a fierce battle to occupy the post of CEO of the company. This power struggle is said to have led to the ouster of Zhan Ketua last fall. The latter has since successfully reinstated the company following lengthy legal proceedings. However, despite its setbacks, Bitmain continues to dominate the market for mining devices and continues to launch new devices intended for miners. So, as Bitcoin halving approaches, Bitmain has announced its new BTC mining machines, Antminers S19 and 19 Pro will be released in the coming weeks. These new gadgets "would allow miners to optimize their income and are designed to guarantee long-term operations", ensures the crypto-enterprise.