Bitmain stops shipment of Antminer crypto mining rigs into China
Bitmain plans to identify green energy mining opportunities from power generation projects in Chinese provinces. Bitmain, a Chinese manufacturer of cryptocurrency mining equipment, has been forced to stop its business in China from Oct. 11 following the crypto ban imposed by local authorities.In addition to China’s blanket ban on crypto operations, the company has attributed the move to stop shipping Bitcoin (BTC) and cryptocurrency mining rigs as a response to China’s carbon-neutral policies. According to Bitmain’s announcement: “From October 11, 2021, Antminer will stop shipping to....
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Mining hardware manufacturer Bitmain will no longer ship its products to mainland China. The move is in response to local regulations, the company explained. The announcement follows a prolonged crackdown on crypto mining operations in the country and a recently reiterated wide ban on activities related to cryptocurrencies.
Bitmain Stops Mining Rig Deliveries to Mainland China
Referring to its commitment to abide by law and regulations in the jurisdictions where its entities operate, mining equipment producer Bitmain announced it terminates deliveries to the People’s....