6 years ago
Bitmain Lost $328 Million Buying Bitcoin Cash, According to BitMex Research
As part of an in-depth look into the mining giant ahead of its controversial planned initial public offering (IPO), BitMEX considered the potential for the company to recapture its former success while leveling thinly-veiled criticism at its management. “Bitmain can be a legendary crypto company, generating strong shareholder returns for decades to come, but in order to achieve this (and it’s a lot harder than it sounds) the Bitmain management team may need to improve their management of company resources,” the analysis summarizes.
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