S&C represented Bitmain in its partnership with and strategic investment in Circle Internet Financial Limited. Bitmain is the world’s largest cryptocurrency miner and producer of mining hardware, as well as the operator of AntPool and BTC.com Pool, the world’s largest two Bitcoin mining pools, based in China. Circle Internet Financial Limited is a global crypto finance company headquartered in Boston, which operates one of the world’s biggest over-the-counter trading desks for cryptocurrencies and Poloniex, one of the world’s most active cryptocurrency exchanges.
The S&C team on the cross-border deal was led by Michael DeSombre and Ching-Yang Lin, along with Yeqing Zheng and Ying Liu. David Gilberg, Rebecca Simmons and Eric Kadel, along with William Friedman, Ryne Miller and John Hasley advised on regulatory matters and Theodore Edelman advised on FCPA matters.