💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Bitmain Leak Suggests of Even Lower Results in 2019

Published 03/29/2019, 07:48 AM
Updated 03/29/2019, 09:03 AM
© Reuters.   Bitmain Leak Suggests of Even Lower Results in 2019

Bitmain may be facing another disastrous quarter in 2019, after the last few months saw a significant drop in revenues. A leak spreading to social media showed that the leading ASIC producer may have marked results that are 90% lower against the successful months in early 2018. The leak was shared by BTCKING555, a Twitter persona that has been critical of Bitmain.

https://twitter.com/btcking555/status/1111500976186368001

The financial results of the company follow a significant decline in prices for older ASIC models, especially the S9 series, which retail...

This article appeared first on Cryptovest

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.