{"id":5553,"date":"2018-08-22T16:55:42","date_gmt":"2018-08-22T13:55:42","guid":{"rendered":"https:\/\/forklog.media\/?p=5553"},"modified":"2018-09-08T18:51:28","modified_gmt":"2018-09-08T15:51:28","slug":"dst-global-tencent-and-softbank-all-deny-investing-in-bitmain","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/dst-global-tencent-and-softbank-all-deny-investing-in-bitmain\/","title":{"rendered":"DST Global, Tencent And SoftBank All Deny Investing In Bitmain"},"content":{"rendered":"<p>Investment firm DST Global has officially denied taking part in mining giant Bitmain\u2019s pre-IPO funding. Chinese investment conglomerate Tencent and Japanese SoftBank have also refuted their involvement in the company\u2019s Series C funding round, Cointelegraph <a href=\"https:\/\/cointelegraph.com\/news\/vague-and-misleading-statements-spotted-in-bitmain-investor-deck\" target=\"_blank\" rel=\"noopener\">reports <\/a>on Wednesday, August 22.<\/p>\n<p><!--more--><\/p>\n<blockquote><p><strong>&#8220;I can confirm that DST has never invested in Bitmain.&#8221; <\/strong>&#8211; said John Lindfors, a managing partner at DST Global.<\/p><\/blockquote>\n<p>A pre-IPO valuation of Bitmain was supposed to reach as much as $15 billion after Tencent\u2019s and SoftBank\u2019s $1 billion investment that actually never was.<\/p>\n<p>Earlier this week CSO of Blockstream Samson Mow claimed that Jihan Wu and his team had revised down year revenue from $8 billion to $3 billion.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"ru\">\n<p dir=\"ltr\" lang=\"en\">I\u2019m hearing something similar from my sources too. <a href=\"https:\/\/t.co\/JA0OBOLff1\">https:\/\/t.co\/JA0OBOLff1<\/a><\/p>\n<p>\u2014 Samson Mow (@Excellion) <a href=\"https:\/\/twitter.com\/Excellion\/status\/1031463936887939072?ref_src=twsrc%5Etfw\">20 \u0430\u0432\u0433\u0443\u0441\u0442\u0430 2018 \u0433.<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Mow also estimated Bitmain\u2019s Q2 net loss at $600-$700 million because of the massive Bitcoin to Bitcoin Cash <a href=\"http:\/\/forklog.media\/bitmain-pre-ipo-investor-deck-exposes-massive-bitcoin-to-bitcoin-cash-swap\/\" target=\"_blank\" rel=\"noopener\">swap <\/a>and Antminer\u2019s price collapse.<\/p>\n<p>Bitmain\u2019s Hong Kong IPO presumably will take place in September with different reports cite either $3 billion or $18 billion as a target.<\/p>\n<p>Considering recent statements from DST Global, Tencent and SoftBank, the current valuation of the mining giant isn\u2019t entirely clear, but Bitmain still ignores multiple requests for comments.<\/p>\n<p>Follow ForkLog on <span style=\"text-decoration: underline;\"><a href=\" https:\/\/twitter.com\/forklog_en\/\" target=\"_blank\" rel=\"nofollow noopener\">Twitter<\/a><\/span> and <span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.facebook.com\/forklogen\/\" target=\"_blank\" rel=\"nofollow noopener\"> Facebook<\/a><\/span>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investment firm DST Global has officially denied taking part in mining giant Bitmain\u2019s pre-IPO funding. Chinese investment conglomerate Tencent and Japanese SoftBank have also refuted their involvement in the company\u2019s Series C funding round, Cointelegraph reports on Wednesday, August 22.<\/p>\n","protected":false},"author":1,"featured_media":5557,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"human_written","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[426,767],"class_list":["post-5553","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitmain","tag-ipo"],"aioseo_notices":[],"amp_enabled":true,"views":"289","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/5553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=5553"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/5553\/revisions"}],"predecessor-version":[{"id":5556,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/5553\/revisions\/5556"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/5557"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=5553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=5553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=5553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}