Partager cet article
Bitmain Stops Sales of Mining Machines in Bid to Buoy Prices Facing China's Crackdown
Delaying further sales could be seen as a way for Bitmain to shield both itself and its clients from falling prices of mining rigs.
Bitmain has decided to hit the brakes on sales of its crypto mining rigs in a bid to shore up prices adversely affected by the outcome of China's actions against local miners.
STORY CONTINUES BELOW
Ne manquez pas une autre histoire.Abonnez vous à la newsletter Crypto Daybook Americas aujourd. Voir toutes les newsletters
According to a report by Bloomberg on Wednesday, the Beijing mining giant's decision comes as top-tier rigs have shed their value by about 75% since April.
Delaying further sales could be seen as a way for Bitmain to shield both itself and mining clients from falling prices.
The decreases in value can be closely tied to an oversaturation of used machines being dumped on local markets across China following the country's swift and decisive anti-crypto crackdown.
See also: Bitmain Accused of Illegally Hiring Engineering Talent in Taiwan
Indeed, China's attempts to stamp out cryptocurrency mining in hydro-rich provinces throughout the country has forced many to seek shelter in neighbouring countries, including Kazakhstan.
On Tuesday, the China's central bank ordered the country’s major financial institutions to stop facilitating crypto transactions, which saw bitcoin and other cryptocurrency fall, ending a four-week-long consolidation period.
Plus pour vous
Ce qu'il:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
What to know:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
Top Stories
