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According to local news sources in China, Sequoia Capital, Coatue, and EDBI were among the leading firms in the Series B funding.
EDBI is backed/controlled by the Singaporean government. The chairman of EDBI's board is also chairman of Singapore's state Economic Development Board, a government agency. The Economic Development Board is tasked with "planning and executing strategies to sustain Singapore as a leading global hub for business and investment." EDBI is known as one of the venture capital arms of the Singapore Government.
Very interesting to see a nation-state investing in a Bitcoin mining company! Bitcoin bears, watch out...
