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Bitmain Further Advances Research & Development within Israel

In light of a recent publication, reports state that Bitmain plans to increase its employment number three times over within Israel, tripling the available 15 employees. The company’s Vice President, Gadi Glikberg, spoke to Globes and stated that it was hiring over 45 experts in software development, security, blockchain R&D, finance and more for the company’s new center.


Advancing

The Vice President stated that Bitmain was seeing a massive positive shift since 2018 began as a result of the rising rate of blockchain acceptance globally as well as cryptocurrencies. He added that even though 2017’s crypto-craze had come to an end and the industry was currently performing poorly, it remains optimistic and several chances for development are presenting themselves.

Founded in Beijing, the company began operating in 2013 and is currently the largest digital mining tool manufacturer in the world. It also controls AntPool, the world’s second-biggest mining pool. As a leading ASIC producer, its technology is utilized for several other situations such as artificial intelligence and teaching machines. Jihan Wu, the company’s co-owner, spoke in June and teased at the possibility of launching an IPO for investors to sell and contribute to additional research and advancements. The IPO may be held in Hong Kong.

Launching its services two years ago in Israel, Bitmain is mostly focused on artificial intelligence, blockchain and mining pool development. All of these come as a result of Sophon, another operational project. Blockchain Mining, another firm included in the Tel Aviv exchange listing is part of Bitmain’s clientele.

Apart from its developmental plans in Israel, the company is operating other blockchain R&D centers in Amsterdam as well as its center in Hong Kong. The company holds operating quarters in Singapore, China as well as Georgia.

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