Chinese mining giant Bitmain Technologies has invested an undisclosed sum in a blockchain company storage Lambda.
Startup in the beginning of the month launched the ICO after a round of private financing, which among others, took part FunCity Capital, BlockVC, BlueHill, Zhen Fund, VC Metropolis, Dfund and DATA Foundation.
According to the web site of Lambda, the startup is developing a range of infrastructure options, including “storage with unlimited scalability, high performance computing and fast network transmission”, which simplifies the implementation of DAPP for the generation, transmission, storage, retrieval and computation of data.
“Storage is an interesting area of development in the infrastructure of the blockchain, and the technological vision of Lambda, pragmatic roadmap and achieved to date progress has been key for us. We look forward to the opportunity to work with Lambda”, — said the representative of Bitmain.
The Chinese company in January announced that it plans to invest this year in thirty startups working in the blockchain industry. The largest manufacturer of mining equipment has already made a number of investments, including financing developer EOS — Block.one. In addition, Bitmain intends to acquire a large stake in Opera Limited on the upcoming IPO of the owner of the same browser.
We will remind, earlier it was reported that Bitmain will be built in Texas, a major data center, which will be a key component of the strategic plan of investment and expansion of the company’s business in North America.
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