BitMEX Report Points to More Consolidation in Bitcoin ASIC Mining
The Bitcoin mining ASIC manufacturing industry is expected to further consolidate, as is the wider mining farm operating sector.
The Bitcoin (BTC) mining ASIC manufacturing industry is expected to further consolidate due to tightened competition, geopolitical pressures and slower returns on investment after Bitcoin’s recent halving.
In a new report from crypto derivatives exchange BitMEX, published June 15, researchers wrote they “think it is likely that only 2 to 3 players will survive into the longer term.”
The report analyzes the history and present state of the ASIC manufacturing industry, with a focus on the major players currently involved —- Bitmain, MicroBT, Canaan and Ebang.
Readmore: https://cointelegraph.com/news/bitmex-report-points-to-more-consolidation-in-bitcoin-asic-mining