The manufacturer of mining equipment, following China’s policy on cryptocurrencies, will suspend the shipment of ASIC miners in the PRC from October 11. The production continues to operate.
Bitmain is leaving the Chinese market as a supplier of equipment for the extraction of cryptocurrencies and is going to engage in projects aimed at the production of “green” energy in the provinces of the PRC. However, the Chinese government obviously has no complaints about the production of equipment for the extraction of “forbidden assets”.
The tech giant on its website
explained that the termination of transactions in bitcoins and the sale of mining equipment in the country is associated not only with the ban of cryptocurrencies in China, but also with the policy of the Chinese authorities regarding carbon emissions.
“From October 11, 2021, the company will stop supplying Antminer mining equipment to mainland China. We will contact our partners in mainland China who have placed long-term orders and propose alternative solutions. ”
So far, Bitmain has not specified how it will help its partners in China. The company is known to continue to supply ASIC miners to customers around the world, including Taiwan and Hong Kong.
At the end of September, information appeared that the company might suspend the shipment of equipment to China. Earlier, Bitmain announced that it will place 56,000 ASIC miners in the US state of Georgia.
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