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Bitmain posts $625 million loss, hopes for a turnaround through sale of its 7nm miners

Bitmain, the world’s largest Bitcoin mining hardware producers, witnessed a significant turn of events from their 2017 hay days. In the following year which was dominated by the bear markets, like many other crypto-centered service providers even Bitmain saw a plunge in demand for its products, which subsequently took a heavy toll on its cash […] The post Bitmain posts $625 million loss, hopes for a turnaround through sale of its 7nm miners appeared first on AMBCrypto. дальше »

2019-8-3 14:30


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Nvidia Shares Fall 19% After Company Reveals Q4 Revenue Might Fall Short By $700M Due To Falling Crypto-related GPU Demand

Even without directly investing in cryptocurrencies, Nvidia was one of the biggest winners in 2017’s crypto boom. With last year’s soaring prices of digital currencies, the company’s GPUs were selling like hotcakes as crypto miners, who were busy building their mining rigs back then, snapped up stock worth $776 million in 2017 alone. дальше »

2018-11-16 16:09


Demand For Bitcoin Mining Chips Reportedly Declining as Taiwan’s Chipmaker Slashes Growth Target

The world’s largest chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC) has cut its growth target to 6. 5% following a reducing demand for chips by Bitcoin miners. The company had earlier predicted a growth rate range of 7%-9% in the fourth quarter of the year, an expectation which seems to be unattainable. дальше »

2018-10-21 11:00