Bitmain Suspends Sales of Bitcoin Mining Machine Amid China Crackdown

News Bitmain Suspends Sales of Bitcoin Mining Machine Amid China Crackdown Bitmain Technologies Ltd., one of the industryࢀ™s largest Bitcoin à‚ mining machine manufacturers, has suspended sales of Bitcoin mining machinery just days after Chinaࢀ™s crackdown on the Bitcoin mining industry, per Bloomberg . Bitmain said yesterday that it has paused selling new equipment following a 75% price drop on mining machinery. A confluence of different factors has reportedly led to this shift. Colin Wu, a crypto journalist in China, has reported that as miners shut down their machines, they are also selling those used machines second-hand, which is also…