The world’s leading Bitcoin mining hardware firm, Bitmain is under fire after reports emerged from miners less than two weeks to Bitcoin’s next halving
Bitmain, Chinese mining, and mining Application-specific Integrated Circuit (ASIC) manufacturer lost $625 million in Two Months, Expects Q4 Turnaround
Latest reports indicate that Bitmain plans to set up 200,000 cryptocurrency miners worth $80 Million across China.
Bitmain lost $500 Million in Q3 2018 - the comapny's IPO filing to the Hong Kong Stock Exchange reveals.
Bitmain has now introduced a new 7nm Bitcoin mining ASIC chip, which focuses on energy efficiency.
In a blog post yesterday, the company reflected upon how the fared in the year 2018 and what their plans for 2019 are.
Major Chip Manufacturer TSMC reports Significant drop in the Crypto Mining Revenue in 2018
Chip-maker TSMC becomes the latest name to be hit by the slowdown in the cryptocurrency mining business.
Bitmain will now be shutting down their Amsterdam office, and have reportedly paused their mining operations in Texas.
Following the yearlong slowdown in cryptocurrency prices, Bitmain is reportedly going to lay off 50% of their total workforce.
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