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Bitmain Spin-Off Matrixport Seeks $300M Valuation In Latest Funding Round

Janelle Fox

Summary: Matrixport, the cryptocurrency trading solutions provider that spun off from Bitmain, is looking to hit a $300 Million valuation in its latest funding round. The Singapore-based cryptocurrency startup was founded by Bitmain CEO Jihan Wu in February 2019. Matrixport is looking to raise $40 million in their latest funding round to reach a post-investment valuation ...

Matrixport, the cryptocurrency trading solutions provider that spun off from Bitmain, is looking to hit a $300 Million valuation in its latest funding round.

The Singapore-based cryptocurrency startup was founded by Bitmain CEO Jihan Wu in February 2019. Matrixport is looking to raise $40 million in their latest funding round to reach a post-investment valuation of $300 million, according to Bloomberg. If the Matrixport post-money valuation hits $300 million, it would be nearly triple the $114 million valuation the young company reached with its previous funding.

By Janelle Fox

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Link: Bitmain Spin-Off Matrixport Seeks $300M Valuation In Latest Funding Round   [Copy]
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