According to recent reports, the ASIC mining giant and crypto mine operator Bitmain is currently caught in a downward spiral that could lead to dire consequences for the company. Information available suggests that Bitmain has been firing up to 50% of its staff, laying off an army of Bitcoin Cash developers, and shutting down some of their mining operations. An unconfirmed report from Chinese language media sources even suggests that the current CEO is likely to step down as a result of the chaos. Join us as we go over what appears to be the fall of Bitmain, or at least, the devastating state that the company is in now......
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