Bitmain’s Mining Empire Takes a knock as They Cut Back on Capacity by 88 Percent

Bitmain, traditionally one of the biggest cryptocurrency mining operations, has revealed that are generating 88 percent less computing power than a month ago, suggesting that the industry giant has cut back on capacity.

It is no secret that the mining business has been under pressure through the long bear market of 2018, even seeing Nvidia’s boost in revenue falling back as miners pulled away. However, Bitmain, a company that grew to prominence under Jihan Wu, has tried to ride out this rocky season.

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