Technicians inspect bitcoin mining machines at a facility operated by Bitmain Technologies in Ordos, Inner Mongolia. Bitmain, which is also one of the biggest operators of cryptocurrency mining collectives, is planning a Hong Kong initial public offering that could raise as much as US$3 billion. Photo: Bloomberg

World’s top cryptocurrency miner may be losing its edge, analysts say

Beijing-based Bitmain may need to write down the value of its inventory as makers of rival cryptocurrency mining equipment catch up

Topic |   China technology

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Technicians inspect bitcoin mining machines at a facility operated by Bitmain Technologies in Ordos, Inner Mongolia. Bitmain, which is also one of the biggest operators of cryptocurrency mining collectives, is planning a Hong Kong initial public offering that could raise as much as US$3 billion. Photo: Bloomberg
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