Bitcoin Mining Giant Bitmain Invests in Blockchain Data Storage Startup

[HappyWhiteHuman]

Bitcoin Mining Giant Bitmain Invests in Blockchain Data Storage Startup
Chinese bitcoin mining equipment manufacturer Bitmain has invested an undisclosed amount in blockchain data storage startup Lambda, the latter announced last Friday.

Bitmain Expands its List of Portfolio Companies
The new investment will see to Lambda further developits “secure” blockchain-based infrastructure and decentralized applications, commonly known as dApps. The Singaporean startup has already conducted a tokenized private sale round that attracted investments from FunCity Capital, BlockVC, BlueHill, Zhen Fund, and other well-known institutions. It is now gearing up for an initial coin offering (ICO) round with an aim to raise $5 million.

“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.”
https://www.ccn.com/bitcoin-mining-giant-bitmain-invests-in-blockchain-data-storage-startup/

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[Koko1200]

I thought that every time when such a big investment came up the price should go up also but it came to the point where news are not affecting the price, or at least it seems to be like that.

[aleksej.rozhkov]

this is very good news! even at a decreasing price bitcoin, people continue to invest in crypto currency! this is a good sign for many investors who are afraid to invest their money!

[HeRetiK]

this is very good news! even at a decreasing price bitcoin, people continue to invest in crypto currency! this is a good sign for many investors who are afraid to invest their money!

Well... I mean it's Bitmain, investing in crypto is kinda their thing. I'd be more worried if Bitmain would stop investing in crypto-related projects rather than continuing business as usual.

[aoihs00]

I thought that every time when such a big investment came up the price should go up also but it came to the point where news are not affecting the price, or at least it seems to be like that.

Well, thats not the case always because they might just have started to think about the investment and might not have inserted their bags into the space yet! As soon as they start loading up the pools with huge money they you can see the moment.

Sometimes news is not sufficient because it could be too technical and may be people wont really understand whats the matter.

Not everyone goes with technical outlook and thus it may not excite them to invest their money into the crypto.

[Dexion]

I think this is a good decision made by Bitmain, this will change their perception and also their strategy to increase the crypto market needs.

I also think that their startup will provide convenience for the crypto mining world.

[Baofeng]

I thought that every time when such a big investment came up the price should go up also but it came to the point where news are not affecting the price, or at least it seems to be like that.

Its because investors are very smart now. They are not buying this so called hype news, they mature and learn from their past mistakes not to FOMO anymore. Back to the topic, I'm not surprise if they keep on expanding and investing anything related to crypto/blockchain. That's their bread and butter so it only makes sense for them.

[franky1]

this news is not about bitcoin.. its about other currencies/blockchains.

secoondly mining companies dont really want to sell their coiins on the markets or through OTC while the profit margins are low. so they are hedging their bets by investing their mining rewards into companies so the investments are not touching exchanges.

what you find is although investments have been signed. the value/funds dont actually move into these companies straight away. funds are normally released in small batches/tranches when certain goals are met and/or certain costs are needed to be paid for. so dont expect funds to hit exchangs via lambda any time soon either... and if/when it does. dont expect it to be noticable big amount of coins being convertd to fiat. as most big lumps will be done OTC and it only becooms small employ wages(if paid in btc) that gts swappd on public exchanges, thus no impact