Bitmain’s Struggle is Real But Analyst Says Crypto Miners are Fine

Just in the past two months, Bitmain has fired more than half of its staff, has closed an entire office in Tel Aviv, has shuffled top management, and removed two of its chief operations officers. And today, the Chinese bitcoin mining giant decided that it would close another overseas workplace – this time in Amsterdam.
But Eric Conner, the founder of Eth Founder, believes that the health of miners does not impact the crypto space.
Mining is Just a Service
In his latest tweet, Conner reques