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Blockchain data storage company Lambda receives investment from Bitmain

Lambda, a decentralized infrastructure startup that provides unlimited data storage via the blockchain, today announced the company received an 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.

Bitmain 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. 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.”

Xiaoyang He, CEO of Lambda

“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.”

Source:Lambda

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