The nearly listed Chinese mining giant will increase its manufacture capacity by 50% within the next six months, a source affirms. According to the inside sources, the company is set to buy 600,000 mining chips from a Taiwanese manufacturer.
It's about time the company got some good news after a tough 2018. The company was nearly listed but failed at the final hurdle. They also lost a massive share of the business as rivals like Canaan Creative stole their thunder. It has been said the company even had to shut down some of its operations and the debt spiralled to a reported USD 625 million.
This year has seen the companies fortunes turn as the Bitcoin price rise meant it became profitable to kick start operations and even expand.
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