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In yet another blow to #Bitmain, @caijing (a major Chinese financial publication) just published an exposé on the #BitmainIPO debacle. m.caijing.com.cn/api/show?conte…
To sum it up: 1) Alleged Q2 losses in the $600-700 million range due to BCH holdings 2) Tencent and Softbank have denied pre-IPO involvement 3) Team behind S7/S9 now at Whatsminer 4) AND lost a patent case against Whatsminer
Yang Zuo Xing was the former director of design at Bitmain, and the supposed brains behind the S7/S9 miners. There have been serious concerns about whether Bitmain will be able to continue to innovate and produce miners at the same caliber without him leading the charge.
