Bitcoin Hardware Manufacturer Bitmain Made a Profit of up to $4 Billion Last Year

The wealth of bitcoin mining titan Bitmain has long been assumed to be north of “huge”. Thanks to its near-monopolization of the ASIC manufacturing business, Bitmain has effectively had a license to print money. This week, Bernstein analysts released a report into Bitmain’s operations. It estimates the Chinese firm to have made $3-$4 billion last year from mining cryptocurrency and for selling the equipment for others to do the same.

Also read: Montana Scores $250 Million Bitcoin...

What feeling does this article give you?
Joy
Disgust
Fear
Anger
Sadness

#hashtags to follow:

Bitmain [+]    ASIC [+]    Bernstein [+]    Montana Scores [+]   

More #news: