Softbank Denies Participation in Bitmain’s Pre-IPO Financing, Tencent Remains Silent

Bitmain completed $1 billion USD in pre-IPO financing and this round of investors include top companies such as Tencent and Softbank. However, according to a Cointelegraph report, Softbank denied participating in the transaction.

Cointelegraph received news that Tencent and Softbank did not participate in this round of financing, so they reached out to both companies for verification. Kenichi Yuasa of the Softbank Group Corporate Communications Office responded to the inquiry and said that neither the Softbank Group nor the Softbank Vision Fund participated in the transaction in any way; Tencent has not responded to this rumor yet; Bitcoin also declined to comment.

This comes after recent news of Bitmain completing a pre-IPO financing with a valuation of $15 billion USD. It may be listed in Hong Kong before the end of the year, but neither Tencent nor Softbank had clarified the reports.

On the other hand, Softbank signed a strategic partnership with blockchain gaming company Ludos on Friday. The partnership includes game resources and product exchange, and helps Softbank training and technical teams to complete cross-industry work.