Bitmain no longer sells miners to PRC customers
Bitmain has suspended shipments of its mining equipment to mainland China.
The largest manufacturer of mining rigs confirmed the termination of doing business in the PRC amid a nationwide ban on digital currencies in the country. Bitmain equipment for mining cryptocurrencies the Antminer series of miners has become unavailable to clients from the Celestial Empire from today.
Bitmain officials announced their decision on WeChat, adding that the “innovation” will not affect customers in Hong Kong and Taiwan. Of course, the restrictive measures will not affect buyers from other countries either.
Bitmain employees stressed that in parallel with the closure of sales, they tried to increase the volumes supplied by Antbox. This is done primarily in order to speed up the "relocation" of Chinese miners to other countries and help them safely deliver all their power.
Information about the imminent ban on the sale of mining equipment from Bitmain began to appear on September 28, and, unfortunately, for all cryptocurrency lovers from the Celestial Empire, it turned out to be true.
Recall that in 2017, the Chinese market accounted for about 50% of device sales from Bitmain and about 40% in 2018. And although sales in the domestic market have gradually declined, its closure could have a significant impact on the company's revenue.
Meanwhile, the Bitcoin hash rate began to revive after a partial relocation of miners from the PRC, adding more than 140% of volume since the July drop.
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