China’s Bitmain suspends sales of cryptomining machines after Beijing’s mining ban

Bitcoin mining computers are pictured in Bitmain’s mining farm near Keflavik, Iceland, June 4, 2016. Picture taken June 4, 2016. REUTERS/Jemima Kelly/Files

SHANGHAI, June 25 (Reuters) – Bitmain, China’s biggest maker of cryptocurrency mining machines, said it had suspended sales of its products in the spot market to help ease selling pressure on the secondary market following Beijing’s ban on bitcoin mining.

In a statement, Bitmain said it is looking for “quality” power supplies overseas along with its clients.

Reporting by Samuel Shen and Andrew Galbraith
Editing by Shri Navaratnam

Our Standards: The Thomson Reuters Trust Principles.

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