Bitcoin asic miner manufacturer Bitmain, earned profit over 1 billion dollar within first quarter of 2018. From and inside source a confidential email was sent to Fortune, Term Sheet.
2017 net profit of Bitmain through the whole year was 1.2 billion dollar. This manufacturer company will earn over 3 billion dollars projected. CEO, Jihan Wu plan to launch an IPO(initial public offering) this year in Hong Kong to attract investors. As per some new sources Bitmain raised over 400M$ within June 2018.
Bitmain can easily reach 51% bitcoin mining hashrate which is monopoly to this mining industry. Ethereum and other altcoins are against monopoly of mining so they fork their coins to avoid centralization in mining.
New 20000 sq ft of Bitmain office is opened in Silicon Valley, it seems they want to lead electronics mining equipment war between ASICS and GPU mining.