October 19, 2021

Major miner manufacturer Bitmain cuts sales in China

In response to strengthening government measures against digital currencies manufacturer of crypto mining equipment Bitmain plans to suspend the sale of cars in mother China.

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In addition, CoinDesk reports that the company plans to move to another jurisdictional jurisdiction.

Along with this, Bitmain plans to move a significant part of its production from the Shenzhen region, but the new location is not being discussed.

Alibaba, the key retail car dealer Bitmain, was forced to announce the sale of the equipment from October 8.

Probably, Bitmain did not exclude such a scene, since the company had already begun to enter new markets, especially with a friend of a cryptocurrency.

For example, the company entered the Turkish market, opening a store in Istanbul and using the growing interest of the country to digital currencies.

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