At the height of its power in 2017, Bitmain controlled an estimated 75 per cent of the market for crypto mining rigs. Photo: Reuters
Cryptocurrency giant Bitmain gives up on Hong Kong IPO amid lay-offs, leadership reshuffle
- In the first half of 2018, Bitmain booked US$740 million in profit, up 795 per cent from a year earlier
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Bitcoin
At the height of its power in 2017, Bitmain controlled an estimated 75 per cent of the market for crypto mining rigs. Photo: Reuters