Rumors of a 50% reduction in Bitmain staff have appeared on the web

Bitmain, the largest manufacturer of mining equipment, is supposed to lay off more than half of its employees due to financial problems caused by the downturn in the cryptocurrency market. This is reported by the crypto-entrepreneur Dovi Won, citing a post in the Chinese media platform, which is the local equivalent of LinkedIn.

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there is a linkedin post (usually very high accuracy, posted by employees themselves)

50% of its headcount ???! pic.twitter.com/b0ZSBuPX4d

– Dovey Wan ? (@DoveyWan) 23 nursing 2018 r.

According to Vaughn, the mass layoffs at Bitmain will begin next week. It should be noted that currently this company employs 2,000 workers.

Recall, according to Israeli media, the Chinese mining giant closes the research center BitmainTech Israel , based in the city of Ra'anana.

Also earlier, BlockchainJournal reported that Bitmain’s losses in the third quarter were estimated at $ 740 million .

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