Is Bitmain Really Dying, or How Much Money Was Lost in 2018?

The year 2018, especially its second part, has not been particularly simple for the crypto giant Bitmain. After the unsuccessful IPO, there came Bitcoin Cash hash wars which also negatively influenced the earnings of Bitmain.

According to the data provided by a crypto enthusiast on Twitter, the company might have suffered around $740 million losses in Q3 of 2018, making it the worst quarter in the history of Bitmain.

Other specialists are quite sure that the numbers could be even higher. The epic with Bitcoin Cash, low amount of customers, the crypto market price collapse exhausted Bitmain. Will it be able to recover? We’ll have to wait and see.

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/