Bitmain is Expanding its Center in Israel
News

Bitmain is Expanding its Center in Israel

Bitmain, the Chinese Bitcoin Mining Giant, is tripling its Development Center in Israel. It is valued at $12 billion and is planning to cement and fasten its presence in Israel by tripling its employees at its domestic development center.

Bitmain is planning to recruit around 40 more employees as an addition to its current base of 15 employees in the country. It is planning to engage and hire Blockchain researchers, Python and JavaScript programmers, marketing personnel and security and senior software engineers.

Bitmain has also recently moved into a 20,000 square foot office in California, thus expanding into Silicon Valley’s elite. The Development Center in Israel, established in 2016, deals in the blockchain research and oversees mining pool ConnectBTC. ConnectBTC is the third mining pool of Bitmain which was launched in April 2017.

Apart from Israel, it also operates development centers in Amsterdam and Hong Kong. Gadi Glickberg, the head of development of Bitmain at the Israel center, emphasized on the recruitment effort. He added:

“The pursuit of talent in the field of digital currency is global. Bitmain has experienced tremendous growth in the past year thanks to the increasing adoption of Blockchain technology in general and, more specifically, of cryptocurrency.”

He has also said earlier:

“There has been huge momentum at Bitmain in the past year, arising from growing adoption of blockchain technology in general and digital currencies in particular. The world may be in a period of relative calm after the great hype of December 2017, but for the major companies in the field this is a golden opportunity to plan, build and grow, and Bitmain has identified the potential of Israeli know-how and capabilities to contribute to the company’s global effort.”

Beijing-based Bitmain is the largest company in the world in production and marketing of dedicated hardware for mining digital currencies using ASIC technology, and it also owns several brands in this field including mining pool AntPool, Antminer, and cloud mining system HashNest. The company was founded by its joint CEOs ‎Jihan Wu and Micree Zhan.

Follow us on Telegram!


Leave a Response

Aayushi Dhawan
Aayushi Dhawan is an avid reader, researcher, crypto writer and a passionate student. While pursuing her graduation in commerce at SRCC, she realized that writing and Finance give her immense pleasure. She is currently pursuing her post graduation in Commerce (Finance) from Department of Commerce, Delhi School of Economics and keeps on exploring the intricacies of research, her biggest strength.