Topic: [2018-07-30] Bitmain Had $1.1 Billion in Profits in Q1 - page 2. (Read 311 times)
Well, seems mining is still profitable and people are making money from it. Bitmain has a one of the largest mining farms in the cryptospace and so I'm not suprised about this. That's also a good light showing there are still many people performing Bitcoin transactions.
From the article: "Bitmain, which designs application-specific integrated circuit (ASIC) chips and manufacturers cryptocurrency miners, has reportedly made $1.1 billion in profits in the first quarter of 2018 alone.
According to a recent report by Fortune that cites a term sheet for the company’s upcoming IPO obtained from insiders, Bitmain currently claims a 50% net margin and has conservative estimates of $2 to $3 billion for its full-year profit."
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According to a recent report by Fortune that cites a term sheet for the company’s upcoming IPO obtained from insiders, Bitmain currently claims a 50% net margin and has conservative estimates of $2 to $3 billion for its full-year profit."
Read More
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