Bitmain Discounts Mining Equipment… "Eating Mustard While Crying Due to Worsening Profits"

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As the Bitcoin mining industry struggles with sluggish profits, Chinese mining equipment manufacturer Bitmain has launched significant discounts on its flagship products, Cointelegraph reported. The outlet explained, "Bitmain is offering discounts on most of its products, including the S19 and S21 series. It has also switched from fixed pricing to auction pricing for some products, a move rarely seen during past mining booms. Currently, hashrate prices are below miners' minimum margins."

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