Bitmain to Become a Majority Stakeholder in Opera Internet Browser
July 11, 2018 4:52 pm
Opera Ltd is the company behind the Opera and Opera mini browsers, which have garnered praise for impressive loading speeds and data-saving features. Opera was founded in 1994 in Norway when the internet we know today was still in its infancy. This browser was released on Microsoft Windows in 1996.
Opera browser is available for Windows, Mac, iOS, Android, and Linux. Based on the information provided by statcounter.com, Opera browser accounts for 2.46% of the world’s internet surfers. This may not seem like a remarkable number, 51% of the world population are internet users (around 3.1 billion), more than 76 million users choose Opera as their preferred browser.
Opera Ltd. is expecting to raise $115 million through an IPO filing. According to reports, Bitmain is going to invest $50 million in the IPO. Note that Opera Ltd was purchased by Golden Brick Capital Private Equity Fund, a Chinese consortium for $600 million.
Bitmain is one of the largest providers of cryptocurrency mining hardware globally. Their mining hardware is consistently rated as the best balance of performance and power consumption. Based in China, Bitmain operates multiple mining pools which when combined, account for nearly half of the world’s Bitcoins. The company has a global presence and boasts a $12 billion market value.