Bitcoin mining computers are pictured in Bitmain's mining farm near Keflavik in Iceland on June 4, 2016. Photo: Reuters Bitcoin mining computers are pictured in Bitmain's mining farm near Keflavik in Iceland on June 4, 2016. Photo: Reuters
Bitcoin mining computers are pictured in Bitmain's mining farm near Keflavik in Iceland on June 4, 2016. Photo: Reuters

China’s Bitmain Technologies and Huobi plan lay-offs as cryptocurrency crunch begins to bite

  • Planned lay-offs come amid a bear market in cryptocurrencies, with 70 per cent knocked off bitcoin’s value in 2018

Topic |   Digital currencies
Bitcoin mining computers are pictured in Bitmain's mining farm near Keflavik in Iceland on June 4, 2016. Photo: Reuters Bitcoin mining computers are pictured in Bitmain's mining farm near Keflavik in Iceland on June 4, 2016. Photo: Reuters
Bitcoin mining computers are pictured in Bitmain's mining farm near Keflavik in Iceland on June 4, 2016. Photo: Reuters
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