Blockchain Data Storage Innovator Lambda Receives Financial Investment From Bitcoin Mining Giant Bitmain Technologies
SINGAPORE, August 17, 2018 – Lambda, a decentralized infrastructure startup that provides unlimited data storage via the blockchain, today announced its a recipient of financial investment from Bitmain Technologies Ltd., the world’s largest producer of application specific integrated circuit miners (ASIC) for cryptocurrency mining, to support secure blockchain-based infrastructure and decentralized applications (DApps).
Responsible for creating leading consumer-grade, power-efficient bitcoin and cryptocurrency miners based on 16nm ASIC chips, Bitmain produces a large number of high quality, efficient computing chips, high density server equipment, and large-scale parallel computing software. The company also operates the largest cryptocurrency mining pools worldwide—Antpool.com, BTC.com and connectBTC.com—as well as hashnest.com, the leading cloud mining platform.
“Bitmain has demonstrated its commitment to expanding strong, DApp blockchain companies such as Lambda,” said Xiaoyang He, CEO of Lambda. “This investment from a global industry leader is a significant endorsement and recognition of Lambda’s longstanding dedication in creating a world-class blockchain-based storage solution.”
“Storage is an interesting development area in blockchain infrastructure and Lambda’s technology vision, pragmatic roadmap, and progress to-date have been key factors for us,” said a spokesperson at Bitmain. “We look forward to working with Lambda.”
For more information, please visit and follow Lambda for real-time updates via its website (https://www.lambda.im), Telegram (https://t.me/HelloLambda), Twitter (https://twitter.com/Lambdaim), Facebook (https://www.facebook.com/Lambdaim), and LinkedIn (https://www.linkedin.com/company/lambdaim).
Lambda is a fast, safe, and scalable blockchain infrastructure project, which provides decentralized applications (DAPPs), data storage capabilities with unlimited scalability and fulfills services such as multi-chain data co-storage, cross-chain data management, data privacy protection, provable data possession (PDP), and distributed intelligent computing through logic decoupling and independent implementation of Lambda Chain and Lambda DB. For more information, please visit http://www.lambda.im.
Bitmain—founded in 2013 and headquartered in Beijing—transforms computing by building industry-defining technology in cryptocurrency, blockchain, and artificial intelligence (AI). Bitmain leads the global blockchain industry in the production of integrated circuits for cryptocurrency mining, as well as mining hardware under the Antminer brand. The company also operates the largest cryptocurrency mining pools worldwide—Antpool.com, BTC.com and connectBTC.com—as well as hashnest.com, a leading cloud mining platform. Bitmain is headquartered in Beijing with offices throughout China, including Hong Kong, and with global offices worldwide. For more information, please visit https://www.bitmain.com/.