BitMEX Report Points to More Consolidation in Bitcoin ASIC Mining

Cointelegraph

Published Jun 16, 2020 07:58AM ET

Updated Jun 16, 2020 09:40AM ET

The Bitcoin (BTC) mining ASIC manufacturing industry is expected to further consolidate due to tightened competition, geopolitical pressures and slower returns on investment after Bitcoin’s recent halving.

In a new report from crypto derivatives exchange BitMEX, published June 15, researchers wrote they “think it is likely that only 2 to 3 players will survive into the longer term.”

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