Is Bitmain Losing Its Edge in the Crypto Mining Game? These Analysts Think So

According to analysts, the largest producer of Bitcoin mining equipment may be losing its position at the top of the industry.
Bitmain Threatened on Multiple Fronts
Despite moving to launch an initial public offering (IPO), competition, dubious speculation on certain digital assets, and lessening demand for hardware are undermining Bitmain’s dominance.
Analysts at the investment management firm Sanford C Berstein & Co. believe that Bitmain may be close to being usurped as the largest n