Sanford report Bernstein raises serious questions

[Buenoscoin]

The news portal Bloomberg, today echoed a report by Sandford C. Bernstein where he questioned the true financial liquidity of the Bitmain company and notes with concern the sudden changes in the strategy, in addition to the competition is stronger in the future Despite the pessimism, it is estimated that Bitmain owns 85% of the market for cryptocurrency mining equipment.



The report was led by analyst Mark Li of Sanford C. Bernstein & Co., a company that manages private property investments, where he analyzes the movements that have been made by the Bitmain blog in view of his upcoming initial public offering (IPO) where They hope to raise USD $ 3 billion. Considering the company's technological advantages over its rivals, Canaan Inc. and Ebang International Holdings Inc. were becoming smaller.



The findings can be very encouraging as the report advises the main product of the chips designed by Bitmain, Taiwan Semiconductor Manufacturing Co., to request full prepayments and to refrain from having a commercial strategy focused solely on cryptomería. In this sense, the CEO and co-founder of Bitmain, Jihan Wu, said that, in the next five years, up to 40% of the profits could be the future of the future sale of Artificial Intelligence (AI) tokens.



It is noteworthy that the Bitmain company, based in Beijing, is one of the most profitable profitable in the world and it is estimated that its profits in the first quarter of 2018 were USD $ 1.1 million. The majority of these profits were obtained from the sale of crypto equipment, but they also received income for charging the fees for the management of the equipment, fees for the lease of power by mining through cloud services and the property itself. Minar digital currency they make.



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[paolobaltimori]

I didn’t know that bitman has such a power and dominates completely mining sector.. thanks for sharing the article!