As Bitmain’s IPO date approaches, negative news involving the company could add up. The CEO of Bitmain, Jihan Wu, countered the pessimism by launching a brand new “algorithm acceleration chip.”
Bitmain’s Anonymous Detractors
After the news that Bitmain’s earnings over the course of Q2 didn’t turn out according to plan, someone who claims to be an insider and leaks collector created an anonymous Twitter account to disparage the company freely. The anonymous user’s frequent tweets have captured the attention of traders and news websites alike. The account is becoming a constant source of rumors regarding Bitmain’s failures.