Chinese Bitcoin Mining Equipment Manufacturers Suffer Setback as Trump Increases Tariffs

Chinese Bitcoin Mining Equipment Manufacturers Suffer Setback as Trump Increases Tariffs

Bitmain’s $3 billion initial public offering (IPO), as well as that of other Chinese bitcoin mining equipment manufacturers such as Canaan and Ebang, may be adversely affected by the June categorization of the firm’s Antminer S9 ASICs miners as “electrical machinery apparatus.” The move by the U.S government added the equipment to the list of Chinese goods subject to nearly…Read More. The post by Ogwu Osaemezu Emmanuel appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

Source: BTC Manager