Bitdeer Group Receives $12 Million From Genimous Investment (Hong Kong) for Cloud Hashrate Services

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Summary

On April 1, the Bitdeer Group released an announcement stating that Genimous Technology has made a large purchase order of cloud hashrate services to the corporation, with a total value of $12 million. The Hong Kong subsidiary of Genimous Technology and Bitdeer Group will collaborate to maximize data exchange and economies of scale, as well as encourage technical innovation and R&D in the blockchain space for both parties. The collaboration between the two sets the path for the improvement of sustainable development at both companies, while making use of the professional, safe and trustworthy platforms of the Bitdeer Group. Bitdeer Group is founded by Mr. Jihan Wu, a leader in the cryptocurrency industry, in cooperation with Sequoia Capital, IDG, and other well-known blockchain investment institutions. As the worlds most reliable digital assets mining ecological service provider, the Bitdeer Group has long years of professional industry experience and a deep understanding of blockchain technology, and thus is a key player in promoting comprehensive business growth and more cutting-edge innovation within the space.

$ Funding

$
Amount $12.0M Total raised
Date April 13, 2021 Announcement date
Investors Start Fellows Lead investors
Company https://www.bitdeer.com Funded company

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