Bitmain Discounts Bitcoin Mining Machines in an Already Depressed Market

Bitmain Discounts Bitcoin Mining Machines in an Already Depressed Market

Last year, miners were clamoring to sign advance contracts with Bitmain and its peers, MicroBT and Canaan, as a bull market sent the bitcoin price to a record high, driving up production. Demand has since slowed and the price of rigs has dropped from an average of $68/TH on Jan. 1 to $20.8/TH on Sept. 20, Luxor Technologies data show.

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