Bernstein: Crypto miner Bitmain may be losing its edge

BitMine Technologies Limited, Cryptocarjunction Mining Chips Designer, which is planning a landmark initial public offering, Sanford C. Bernstein and Co.

The Beijing-based company, 32-year-old billionaire Jihan O, co-founder Jihan Wu, may need to write the quality of its competitor's criteria, as competitors of mining gear have been caught, analysts analysts at Mark Lee, Berchstein wrote in a report.

Taiwan Semiconductor Manufacturing Co., which produces Bitman's chips, will ask the company to fully estimate and refrain from adding to the crypto-related requirements, according to Bitman's analysts. Bitman chips competition is questioned, "analysts wrote.
Last year, Beitman's "wild success" performance has been talked about, and 85% of the market share of the CreativeCurrence mine chips has been stated to be regulated, but the company is facing increasing competition from Kananna and the Association International Holdings Inc. Demand for these companies' products has been under pressure due to lowering of bitcoin by less than half of the price after selling in Hong Kong's IPO virtual currencies.

Among the biggest operators of the Creepo Mining group, a bitman is planning a IPO in Hong Kong, which can increase the US $ 320, in the last week, people who have knowledge of the matter said.

In recent days, speculation about the company's finances has increased further. Unmatched investor presentations are being circulated online to show details of Bitman's business, discussions about the incursion of the company's exchange currency currency in the cryptow churches.

Bitmine is probably taking a huge amount of Bitcoin Cash, "Bitcoin" stands as a "major risk" for reducing tariff, Lee said. Bitcoin cache decreased by 68% compared to the first week of May, according to Bloomberg Composite Pricing by 30% of Bitcoin.