Chinese Lottery Firm Promotes Crypto Pivot By Buying Bitcoin Miner Maker For $ 100 Million


Source: bollyinside.com bollyinside.com

Key Topics in this News Article:

News Snapshot:

Buzz Staff 2021-04-06 BIT Mining said Bee Computing has worked with MTK, which is the largest chip designer in Asia, to make a seven-nanometer chip for bitcoin mining. Taiwan Semiconductor Manufacturing Co. (TSMC) will supply the chips, according to Yufei Jiang, CEO of Bee Computing. It is now one of the few large-scale companies in the crypto-mining business after acquiring the third-largest mining pool, BTC.com, and three mining farms under its Loto Interactive unit. The company is venturing into the business of making mining machines with the latest deal, which comes at a time when mining companies are in short...