• Bitmain is planning to deploy 200,000 units of its own mining equipment in China to take advantage of cheap hydroelectric power this summer.
  • The equipment is conservatively estimated to cost $80 million, but it may be more profitable right now for Bitmain to mine crypto itself than try to sell all this inventory.
  • The move signals a broader shift in the market, with miners preparing to invest again following last year’s contraction in capacity. CoinDesk

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