Complex sentence: Bitmain Technologies Ltd., or Bitmain, (1) is a privately owned multinational semiconductor company headquartered in Beijing, China, they are a leading producer and designer of ASIC chips which are used for bitcoin mining and Artificial Intelligence.
Split into simpler sentences: Bitmain Technologies Ltd., or Bitmain, (1) is a privately owned multinational semiconductor company headquartered in Beijing, China. They are a leading producer and designer of ASIC chips which are used for bitcoin mining and Artificial Intelligence.