Bitmain reportedly suspends Bitcoin miner orders amid booming secondhand supply

Cointelegraph

Published Jun 23, 2021 09:33AM ET

Updated Jun 23, 2021 11:20AM ET

Chinese mining giant Bitmain is reportedly scrambling to respond to market conditions amid a major crackdown on crypto mining activity by local authorities.

According to a Wednesday report by Chinese news agency Sina (NASDAQ:SINA) Finance, Bitmain has halted global spot sales for its new Bitcoin (BTC) mining devices in order to avoid losses by customers amid massive selling on the secondary market.

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