Biggest Mining Gear Maker Halts Sales Amid China Crypto Crackdown

Biggest Mining Gear Maker Halts Sales Amid China Crypto Crackdown

Bitcoin miners could be stuck with used rigs for a while. Bloomberg today reported that Bitmain indefinitely halted most of its sales after Chinese mining operations started dumping their equipment because they’re being forced to shut down. Bitmain makes cryptocurrency mining equipment based on application-specific integrated circuits (ASICs) designed specifically for that purpose. The company…

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