Media: Bitmain revenue for the first quarter of 2020 exceeded $ 300 million
According to The Block , in the first quarter of 2020, the mining industry giant Bitmain earned more than $ 300 million.
The Bitmain report for the first four months says that high economic performance was achieved thanks to the following three areas:
- Development of AI chips.
- Launch and modernization of four additional mining farms.
- Strengthening direct sales to customers.
Bitmain shared that each employee will receive a bonus of 70,000 yuan (about $ 9.89 thousand) for the successful completion of the first quarter.