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

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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