Canaan’s VP Leo Wang discussed which the US transfer was about both of those keeping away from tariffs and reducing consumer charges, but large investment was getting held back again due to unpredictability of trade plan.
It was Established by Micree Zhan and Jihan Wu in 2013. Just before founding Bitmain, Zhan was working DivaIP, a startup that permitted consumers to stream television to the computer screen by means of a established-major box, and Wu was a economical analyst and private fairness fund manager.[one]
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Bitmain's dominance in the mining devices company is often a important Consider its achievements, controlling approximately eighty% of the marketplace for bitcoin mining equipment.