• Crypto mining giant Bitmain on target for $10B revenue this year

    2 monthes ago - By Tech Crunch

    During a gold rush, Silicon Valley's line is to always invest in picks and shovels instead of mining. Sometimes it pays just to do both.
    TechCrunch has learned through a company fundraise overview that Beijing-based mining equipment seller Bitmain hit a quarterly revenue of approximately $2 billion in Q1 of this year. Despite a slump in bitcoin prices since the beginning of the year , the company is on track to become the first blockchain-focused company to achieve $10 billion in annual revenue, assuming that the cryptocurrency market doesn't drop further.
    Fortune has previously reported...
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