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

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