1603, 2019
The fall of Bitmain: Canary in the crypto mine?
As the crypto winter continues there is no higher-profile casualty than Chinese mining company Bitmain. Despite generating record profits in 2017 and early 2018, the company has been forced to downsize, closing offices and letting 50% of its workforce go. What went wrong? And is this situation unique to Bitmain, or emblematic of something more widespread across the sector?
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