Bitmain Supports Blockchain Data Storage Company Lambda, According to Cryptovest

Bitmain, the leading producer of cryptocurrency mining equipment, has made an undisclosed investment in the blockchain data storage startup Lambda.

A press release issued on Friday highlighted that the funding will aid Lambda in enhancing its secure blockchain-based infrastructure and decentralized applications (DApps).

“Bitmain has shown its dedication to supporting strong DApp blockchain companies such as Lambda,” stated Lambda CEO Xiaoyang. He added, “This investment from a global industry leader is a significant acknowledgment of Lambda’s long-standing commitment to creating a premier blockchain-based storage solution.”

Earlier this month, Lambda initiated its own initial coin offering (ICO) after successfully completing a private sale.