Bitcoin Hardware Manufacturer Bitmain Made a Profit of up to $4 Billion Last Year
(WorldNews China)

The wealth of bitcoin mining titan Bitmain has long been assumed to be north of `huge`. Thanks to its near-monopolization of the ASIC manufacturing business, Bitmain has effectively had a license to print money. This week, Bernstein analysts released a report into Bitmain´s operations. It estimates the Chinese firm to have made $3-$4 billion last year from mining cryptocurrency and for selling the equipment for others to do the same. Also read: Montana Scores $250 Million Bitcoin Mining Campus Big Bucks for Bitmain Ask...