Bitmain Widens Foray into AI with China Mobile Partnership
Cryptovest
Published Dec 13, 2018 09:38AM ET
Updated Dec 13, 2018 10:41AM ET
Bitmain Widens Foray into AI with China Mobile Partnership
Bitmain, the leading producer of ASIC mining rigs, signed a memorandum of understanding (MOU) during the China Mobile Global Partner Conference. The exact nature of the deal is unknown. China Mobile is one of the largest state-run telecoms, reported AsiaCryptoToday.
In the past, Bitmain has also partnered with Aichain (AIT), a small crypto-based startup aiming to work on machine learning and AI solutions. AIT currently trades on thin volumes with a price of $0.01.
In the past few months, Bitmain saw significant setbacks, after an extremely successful start for 2018. The demand for ASIC mining devices slowed down, as the bear market diminished the profitability of cryptocurrency mining. Bitmain is one of the most influ...
This article appeared first on Cryptovest
Get The News You Want
Written By: Cryptovest
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.