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Bitmain to cease shipping Bitcoin mining machines to mainland China By BTC Peers

News Snapshot:

Bitmain, one of many world’s main producers of mining {hardware}, will not be servicing prospects in mainland China. The Beijing-based producer made the announcement on Sunday, stating that it’ll droop home supply starting from Monday with the intention to adjust to native rules. Nonetheless, its abroad enterprise will proceed as traditional. Bitmain’s home gross sales have been on a downward trajectory since late final yr amid the rise of North American mining operations. It’s, due to this fact, impossible that the choice to droop home supply can have a extreme affect on the agency. The transfer formally places an finish…

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