Please Add Widget from here
Bitmain On Brink Of Collapse As Reports Suggest Worse Q3 Fig...
Industry

Bitmain On Brink Of Collapse As Reports Suggest Worse Q3 Figures

Bitmain’s Spectular fall from grace continues with no end in sight as situation gets from bad to worse. Latest report from twitter user @btcking555 reveal that recently released 7nm chip miners have failed to meet expectations with the chip producing poor yields.

Tweet also revealed Jihan reportedly upset that they allowed Dr. Yang leave. Reports also reveal a disastrous Q3 financial report with Bitmain making efforts to concealing it from their investors. Mark Li of Sanford deacribed the situation as “…… the beginning of a very rapid deterioration of bitmain”

The year which began on a high for bitmain is rapidly turning out to be a year to forget for the mining giant. Will they ever recover from this downward spiral? Let us know what you think in comment section below👇

 

Comments are off this post!