Tuesday, June 25, 2024

Bitmain will help Chinese miners move equipment to other countries

The world’s largest manufacturer of equipment for mining cryptocurrencies is ready to reduce the deployment time of data centers abroad from three weeks to four days, as well as provide assistance in registering activities and hiring personnel.

The world’s largest producer of bitcoin miners, Bitmain, announced that it will help companies that have mined cryptocurrencies in China and want to move their equipment to other countries.

Bitmain said in a press release that the company held a meeting with representatives of the Chinese mining industry on June 19 and offered them a new service that can shorten the time it takes to deploy a mining farm abroad from three weeks to four days.

Bitmain claims that it is ready to help miners with the construction of data centers, registration of activities and hiring personnel.

The manufacturer promised to continue the search for renewable energy sources to be subsequently used for mining cryptocurrencies.

On June 23, it became known that Bitmain had suspended sales of ASIC miners due to the collapse of prices for mining equipment by 75% since April.

The company noted that the suspension will affect only bitcoin miners.

Bitmain will continue to sell altcoin mining equipment. The timing of the resumption of sales of bitcoin miners is not named.

In May, the Chinese authorities called for tougher mining and crypto trading in the country. After that, a ban on the mining of cryptocurrencies was introduced in four provinces, and Chinese banks were banned from conducting operations related to digital assets.

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