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In the first quarter of this year, Bitmain has been written deep in the red. This is due to the fact that the largest manufacturer of Mining Hardware sold a discontinued model Antminer S9 for a knockdown price. What influence this has on the planned IPO.
David-separator6. August 2019BTC$11.708,00 -0.05%part Facebook Twitter LinkedIn xing mail
With 310 million dollars in the Minus has completed Bitmain in the first quarter of 2019. 315 million dollars Profit from March of this year, were not able a accumulated loss of 625 million US to compensate for the dollars so.
it can lead to the considerable minus of business in the first three months of this year primarily on two factors.
The first is the so-called Difficulty Bottom. That is, in the first weeks of 2019 it had to do with the Bitcoin market with a kind of Mining to surrender to. In January 2019, the Hash Rate in the network as low as it has been since June of 2018, not more. This is not expected to pay conducive to the sale of the ASIC have had miners from Bitmain out.
After each #bitcoin all time high (ATH) we saw a downward difficulty adjustment. In the chart the lowest monthly difficulty level (blue) is reset to 100% .. and seems to be an objective start of the next bull run (green/yellow), with 100x opportunity. Just started a new run ...
