Potential redemption from controversial past? Bitmain allegedly raising $50 million in VC funding

In a surprise announcement, VC firms such as Sequoia and IDG are reported to be investing heavily into Bitmain. Bitmain Technologies Ltd  spearheads the largest bitcoin mining pool in the world, Antpool.
According to the Bloomberg report, they are raising as much as $50 million for “AI expansion” and “guidance” from aforementioned VCs. Neither Bitmain nor the VC firms in question have responded to questions on the matter – the source of this announcem