The world-famous manufacturer of mining equipment decided to invest in the development of the hacker conference movement
Bitmain Technologies, a Chinese Bitcoin miner and developer of specialized mining chips, has become a leading investor in DoraHacks, a world-famous organizer of hackathons (derived from the words hack and marathon - a developer forum during which participants work together to solve a problem). The size of the investment has not been disclosed, but with this new round of funding, DoraHacks will be able to continue to provide services and infrastructure to combine the knowledge and experience of computer scientists to solve problems across industries in the most efficient and innovative way.
You Bixue, Bitmain's chief investment officer, said that hacker competitions are an important organizational form of bringing together developers. As one of the companies that first introduced hackathons to China, DoraHacks has enormous influence in the developer community.
DoraHacks was founded in 2014 with the support of the Open Wisdom Lab at Tsinghua University as a hacker association and hackathon organizer. Its mission is to connect developers around the world with pressing issues facing industry and society. DoraHacks has generated global and irreplaceable intelligence for society. More than 100 hackathons were organized with the involvement of more than ten thousand computer development specialists and at least a thousand tasks were solved.
Former DoraHacks investors include DoraHacks Zhang Jiannan, TopHacker Group, 8 Decimals Capital, BA Capital and many others.
The Bitmain company was founded in 2013 to develop and sell Bitcoin miners using ASIC technology. The company's head office is located in Beijing, and there are subsidiary offices in Amsterdam, Hong Kong, Tel Aviv, Qingdao, Chengdu, Shanghai and Shenzhen. At the moment there is information that the company is planning an IPO in Hong Kong.
According to China Money Network
You May Also Like
Google will again allow cryptocurrency advertising in October
According to CNBC, Google has adopted a new policy according to which it will change its views on advertising related to cryptocurrency and will allow some types of it. Facebook made the same decision in June.
Bitcoin activists staged a light show on the building of the Central Bank of Slovakia
This week in the evening, a huge illuminated Bitcoin sign appeared on some banks hostile to cryptocurrency companies and traders, and then on the Central Bank itself. The bank was trolled by local activist group Paralelná Polis from the Cryptoanarchy Institute, a hacker research and development community.
