Bitmain will help Chinese miners move equipment to other countries

The World's Largest Manufacturer of Cryptocurrency Mining Equipment Is Ready to Reduce Deployment Timedata centers abroad from three weeks to four days, as well as provide assistance in registering activities and hiring personnel.

The world's largest Bitcoin miner producerBitmain said it will help companies that have mined cryptocurrencies in China and want to move their equipment to other countries. Bitmain said in a press release that the company held a meeting with representatives of the Chinese mining industry on June 19 and offered them a new service that can shorten the time it takes to deploy a mining farm abroad from three weeks to four days.

Bitmain says they are ready to help minerswith the construction of data centers, registration of activities and hiring personnel. The manufacturer promised to continue the search for renewable energy sources to be subsequently used for mining cryptocurrencies.

On June 23, it became known that Bitmain has suspendedsales of ASIC miners due to the collapse of prices for mining equipment by 75% since April. The company noted that the suspension will affect only bitcoin miners. Bitmain will continue to sell altcoin mining hardware. The timing of the resumption of sales of bitcoin miners is not disclosed.

In May, Chinese authorities called for toughermining and crypto trading in the country. After that, a ban on the mining of cryptocurrencies was introduced in four provinces, and Chinese banks were banned from conducting operations related to digital assets.

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