Bitcoin Mining Landscape is Changing
After China’s decision to ban Bitcoin mining activities, many ups and downs have happened in the field, offering new opportunities to other companies to develop their market share.
Canaan, one of the largest supercomputer suppliers worldwide and ASIC miners’ inventor, announced that it will sell nearly 200,000 miners to Genesis Digital Assets. If the option got activated, this would be the largest miners sale in the crypto history.
This deal is a part of a previous deal, when Genesis had bought 20,000 miners, with option to buy 180,000 more of them. This move will have an immediate impact in the Bitcoin network, as the total hashrate will increase in a short period, changing the market shares for the players.
The next steps will be crucial…