Why Bitmain is Purposely Losing Money in its Bitcoin Mining Business16.86

According to BitMEX Research, a group of analysts at major Bitcoin exchange BitMEX, Bitmain has been intentionally lowering the profit margin of its core business prior to its initial public offering (IPO).

As the biggest and most profitable conglomerate in the history of the cryptocurrency sector, Bitmain has attracted some of the largest investors in the technology space including Softbank, raising pre-IPO mega-rounds.

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