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Earlier, it was reported that TSMC has obtained an order from Bitmain and will use the 5nm process technology to produce chips for Bitmain for cryptocurrency mining. It is expected to start production in the third quarter of this year.

However, according to the "Technology Innovation Board Daily" report, the reporter learned from Bitmain insiders on May 7 that the company has not officially confirmed that TSMC will OEM cryptocurrency mining chips related matters. It said that the company's supply chain capacity has always been confidential information.

According to data, Bitmain was established in 2013 and has strong R&D capabilities in the field of ultra-high-performance computing. It is a technology company focusing on the design and development of high-speed, low-power custom chips. It has successfully designed and mass-produced a variety of ASIC custom chips and Integrated system. Its products include computing power chips, computing power servers, and computing power clouds, which are mainly used in the field of blockchain and artificial intelligence.

Bitmain has won the favor of many well-known investment institutions, including IDG Capital, Sequoia Capital, U.S. hedge fund Coatue Management, Singapore government investment fund EDBI, etc.

It is reported that Bitmain submitted a prospectus to the Hong Kong Stock Exchange in 2018. The prospectus shows that in terms of revenue in 2017, Bitmain is the world's largest ASIC-based cryptocurrency mining company with a market share of 74.5%.

Bitmain claims that the company is the world's largest producer of bitcoin mining machines, focusing on designing ASIC chips for cryptocurrency mining and artificial intelligence. From 2015 to 2017, Bitmain's revenue increased from US$137 million to US$2.518 billion, and its net profit increased from US$48.603 million to US$701 million. In the first half of 2018, revenue and net profit reached US$2.845 billion and 743 million respectively. US dollars.