How did China’s Bitmain Become a Cryptocurrency Mining and AI Powerhouse?

Friends, Bitmain – a 4 year old start-up in Beijing - sells Antminer bitcoin mining rigs that can cost several hundred dollars to a few thousand dollars each … apparently with healthy gross and operating margins. The firm also operates "mining pools" in which participants collaborate on bitcoin mining in order to cut costs. Bitmain has also introduced new AI products that are a customized tensor computing ASIC (Application Specific Integrated Circuit) optimized for training functions for deep learning networks. Later this year Bitmain is expected to will likely migrate some of its chips to TSMC’s 10nm and the most advanced 7nm. Can Bitmain sustain this meteoric growth … especially if Bitcoin prices stagnate? Let us know your views. Lawrence, Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com)