|Founder||Jihan Wu and Micree Zhan|
|Brands||AntMiner, AntPool, Hashnest|
It was founded by Jihan Wu and Micree Zhan in 2013. Prior to founding Bitmain, Wu was a financial analyst and private equity fund manager and Zhan was running DivaIP, a startup that allowed users to stream television to a computer screen via a set-top box.
By 2018 it had become the world's largest designer of application-specific integrated circuit (ASIC) chips for bitcoin mining. The company also operates BTC.com and Antpool, historically two of the largest mining pools for bitcoin. In an effort to boost Bitcoin Cash (BCH) prices, Antpool "burned" 12% of the BCH they mined by sending them to irrecoverable addresses.
Bitmain was reportedly profitable in early 2018, with a net profit of $742.7 million in the first half of 2018, and negative operating cash flow. TechCrunch reported that unsold inventory ballooned to one billion dollars in the second quarter of 2018.
In June 2018, Wu told Bloomberg that Bitmain was considering an IPO for producing capital to expand its producing hardware. The company completed its $1 billion pre-IPO registration with the Hong Kong Stock Exchange in August, and filed for IPO in September.
Bitmain Technologies filed for IPO on September 26th, 2018 with the Hong Kong regulatory agency and released their first public financial statement and ending the speculation on the company's plans at a time where Bitcoin prices have dropped 65% as compared to December 2017 which have hurt mining hardware sale that accounts 96% of their revenue.  Bitmain will use a dual class share structure. In Bitmain's case, this means the share held by company's founders would count as 10 votes. 
Bitmain as of 2018 had 11 mining farms operating in China.
In December 2018 the company laid off about half of its 3000 staff. The company has since closed its offices in Israel and the Netherlands, while significantly downsizing its Texas mining operation.
In February 2019, Coindesk reported that Bitmain had lost “about $500 million” in the third quarter of 2018. Bitmain issued a statement saying “the rumors are not true and we will make announcements in due course.”
On March 26, 2019, Bitmain’s application for a Hong Kong initial public offering lapsed, six months after it was filed, as investors were reportedly spooked over the fall in Bitcoin's value. The company issued a statement saying it would “restart the listing application work at an appropriate time in the future.” Bitmain also announced that Haichao Wang would serve as its new CEO, while co-founders Micree Zhan and Jihan Wu will continue as directors.
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