Technicians inspect bitcoin mining machines at a mining facility operated by Bitmain Technologies Ltd. in Ordos, Inner Mongolia, China, on Friday, Aug. 11, 2017. Photo: Bloomberg
Inside the rise and fall (and rise?) of crypto mining giant Bitmain
- Bitmain’s new CEO has the difficult job of leading a divided firm, after failed IPO and mass lay-offs
- The company hopes that next bitcoin halving in 2020 will spur demand for its yet-to-be launched 7nm-chip miners
Technicians inspect bitcoin mining machines at a mining facility operated by Bitmain Technologies Ltd. in Ordos, Inner Mongolia, China, on Friday, Aug. 11, 2017. Photo: Bloomberg
