Leading Crypto Mining Machine Maker Bitmain Said to Halt Sales in China

Leading Crypto Mining Machine Maker Bitmain Said to Halt Sales in China

Bitmain, one of the world’s largest bitcoin mining manufacturers, is planning to suspend sales of its machines to miners in mainland China following the latest government ban on crypto activity, according to three sources who spoke to Bitmain about the move.

Two sources are responsible for buying machines at major mining pools, while a third source has worked extensively with Chinese miners. They all asked to remain anonymous because they were not authorized to discuss the move publicly.

The privately owned Bitmain will also move the majority of its production out of Shenzhen in southern…

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