What risks does Bitmain's new sales strategy curtail?

Quick Take

  • In an attempt to regain lost market share, Bitmain CEO and Chairman Jihan Wu recently revealed the company’s new sales strategy
  • Leveraging the belief that bitcoin’s prices will greatly appreciate amidst the halving, the company plans to take on many operational risks from its customers
Following a slight decline in Bitmain’s market dominance, the newly-crowned CEO and sole chairman of the company, Jihan Wu, recently announced Bitmain’s new customer acquisition strategy. As reported by Coindesk, the sales strategy would add three new components to its existing ASIC mining hardware business: Credit sales to large customers Co-mining agreements that cover electricity […]

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