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WhalePanda @WhalePanda
, 3 tweets, 1 min read Read on Twitter
To recap the Bitmain disaster recovery IPO:
1) They sold most of their $BTC and have now over 1 million $BCH
2) They purposely didn't include the Q2 numbers for Pre-IPO buyers since they were a disaster
3) They told Pre-IPO buyers they would use some of the money to buy more BCH
4) The last 2 chips they designed didn't work out
5) They're currently selling miners below cost
6) Their AI department is a joke
There is way more competition now and with the stagnation and even losses mentioned above they need to IPO or they're doomed. Anyone buying the Bitmain IPO is basically throwing money in the dumpster fire.
This is also a great article on the dumpster fire: medium.com/@btcWolves/a-b…
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