Bitcoin Layer2 BEVM Announces Investment from Bitmain

General

BTC
Layer2
project
BEVM
has
officially
disclosed
an
investment
from
Bitmain,
the
leading
manufacturer
of
cryptocurrency
mining
servers
globally.
The
precise
amount
of
the
investment
remains
undisclosed.

Established
in
2013,
Bitmain
still
stands
today
as
a
significant
figure
in
the
digital
asset
mining
hardware
production
space.
Its
Bitcoin
mining
machines
previously
commanded
over
70%
of
the
global
market
share.
Notably,
this
marks
Bitmain’s
sole
investment
in
the
Bitcoin
Layer2
domain
to
date.

Gavin Guo,
Core
Builder
of BEVM Foundation,
remarked, “Next,
BEVM
will
delve
into
exploring
Bitcoin
hashrate
and
the
PoW
ecosystem’s
application
on
BEVM,
that
could
help
facilitate
the
migration
of
trillions
of
dollars
in
PoW
hashrate
assets
and
a
substantial
quantity
of
$BTC
to
BEVM.
This
will
empower Bitmain assets
and
unlock
liquidity
and
more
diverse
financial
application
scenarios
within
the
BTC
Layer2
network.”

BEVM
serves
as
the
pioneer
EVM-compatible
Bitcoin
L2
network
founded
on
the
Taproot
Consensus,
utilizing
BTC
as
Gas.
Leveraging
native
Bitcoin
technologies
such
as
Schnorr
Signature,
MAST,
and
Bitcoin
Light
Node
Network,
it
achieves
fully
decentralized
BTC
cross-chain
functionality,
thereby
enabling
the
trustless
integration
of
BTC
into
a
broader
spectrum
of
applications
and
facilitating
genuine
BTC
liquidity
circulation.

BEVM
launched
its
mainnet
on
March
28th,
boasting
over
700,000
user
addresses
and
hosting
more
than
30
ecosystem
projects.
BEVM
also
recently announced it
had
secured
tens
of
millions
of
dollars
in
financing,
with
investors
including
RockTree
Capital,
Waterdrip
Capital,
Arkstream
Capital,
ViaBTC
Capital,
and
nearly
20
other
institutions,
resulting
in
a
post-investment
valuation
of
$200
million
for
the
company.

For
further
information
about
BEVM,
please
visit www.bevm.io or
contact [email protected]

Disclaimer: The
information
provided
in
this
press
release
is
not
a
solicitation
for
investment,
nor
is
it
intended
as
investment
advice,
financial
advice,
or
trading
advice.
It
is
strongly
recommended
you
practice
due
diligence,
including
consultation
with
a
professional
financial
advisor,
before
investing
in
or
trading
cryptocurrency
and
securities.