Analyst: Crypto Mining Giant Bitmain Losing Its Edge As Demand Dwindles

Chinese tech conglomerate Bitmain has been the dominant force in crypto mining for the past year. However according to analysts at Sanford C Bernstein & Co. it may be losing its edge as rival firms enter the market and demand dwindles as markets continue to decline. In a report by the SCMP it was suggested that the company may have to write down the value of its inventory. According to the…
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