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The crypto industry is going through a rough phase currently.
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Bitmain, a leading crypto mining hardware manufacturer, is struggling with its financials.
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The underperformance of Bitmain is a clear reflection of the struggling crypto market.
The cryptocurrency industry has been going through another crypto winter after attaining its last all-time high in November 2021. For about a year now, trading prices of major cryptocurrencies have been reluctant to show any higher moves. The repercussions of such tightened progress reflect on closely knitted industries. The crypto mining industry is one facing a tough face in the aftermath. So much so that industry behemoth Bitmain started feeling the heat.
Recently leading crypto mining hardware manufacturer, Bitmain, reported to face issues with financials. The company even struggled to pay salaries to employees and halted it till October 7, according to local media outlets.
Bitmain
We współpracy z: https://www.thecoinrepublic.com/2023/10/10/slowdown-in-crypto-mining-industry-finds-bitmain-struggling-report/
