Bitmain, the Bitcoin mining rig manufacturer has announced a price cut on its top bitcoin mining machine Antminer S19 Pro by 20% amid an increased crackdown on crypto mining by Chinese authorities. The price cut is being attributed to declining demand in China and many miners in the country have also applied for a refund.
Just as institutional players start raking up their BTC investments, Bitcoin mining groups start adding more mining gears. North America’s public traded self-mining company Marathon Patent Group placed a huge order with Bitmain, the biggest manufacturer of crypto mining hardware. Marathon has placed an order of 10,000 qty for Bitmain’s next-generation Antminer S-19 Pro ASIC