Bitmain is dying? The alleged losses of the company reach a billion dollars after hard forks BCH
Source:In the Internet appeared fresh rumors regarding the financial largest miner . Experts believe that the total losses of the company reached a billion dollars after the fall of Bitcoin Cash. Earlier, analysts had published financial statements Bitmain, in which representatives of the enterprise reported about a huge investment in the BCH.
theWorst quarter for Bitmain
It All started with a tweet BTCKING555 on the third of October. The insider stated that he has information about not yet released financial report Bitmain in which the company admitted to more than 740 million dollars loss in the quarter. If this is indeed true, then the past couple of months have been the worst period in the entire history of Bitmain.
BTCKING555 insists on even larger losses. According to him, the economists of the company not included in the report results «war of harratov» between the fork Bitcoin Cash.
The Company lost $ 740 million on equipment and Bitcoin Cash! And that's without the cost «war of harratov»!
We got leak of Bitmain Q3 numbers! COMPLETE DISASTER. The company lost $740 Million including losses on inventory and bitcoin cash! And this is not accounting for hash war costs!
— BTCKING555 (@btcking555)
Now the situation is indeed very precarious Bitmain company is faced with serious obstacles in 2018. First, she had not earned the best reputation in cryptocommunist due to the open support of Bitcoin is Cash, and not the original Bitcoin. Second, the fall of the stock market impact on mining, so Bitmain has lost demand for their asik. Third, IPO mining giant to serious criticism in the media because of the problems with investing in Bitcoin Cash.
Meanwhile, the BCH entered into a free dive. The cryptocurrency has lost most of its value in less than 12 months. While economists Bitmain has not taken any action to preserve the remaining assets of the company. On the contrary, management considered a reasonable solution to almost all BTC in favor of BCH. Though now Bitcoin Cash again updated the annual minimum.
i think i found the everyone keeps talking about
— #BrotoshiMoku [TA Truther] (@CarpeNoctom)
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