Foreign News: Second Mining Industry Rises Due To Delays In Manufacturing ASIC Mining Technology

12月
09
2020-12-9 01:24
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CoinDesk published an article on December 9 stating that the secondary market for Bitcoin miners has been very hot, due to demand from miners having a major impact on the completion of the cut being punished by the company. The two largest companies in the mining industry, Bitmain and MicroBT, were sold in May 2021, with demand exceeding their current capital. Miners competing for multiple machines look to other markets for whatever they can find.

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After MicroStrategy plans to buy more bitcoin, Citibank downgrades the stock.
According to the December 9 Cointelegraph, Citibank demoted MicroStrategy (MSTR) on Tuesday because the company was "unconventional" in focusing on the Bitcoin market. Shortly after MicroStrategy announced it was raising more money to buy bitcoin, Citibank analyst Tyler Radke gave the company a "sell" rating. Radke said that MicroStrategy's CEO Michael Saylor's "excessive focus" on Bitcoin puts investors at greater risk, especially after Bitcoin's "excessive" gains since September. He said: “MicroStrategy's Bitcoin investments since August have brought in $ 250 million (valued at $ 26 per share, a 20% increase in shares). 172%. This percentage is insignificant in comparison. At the current price of market, the market is more optimistic that the market is more important than the value of Bitcoin. "
2020-12-9 01:07

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