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China's Bitmain suspends sales of cryptomining machines after Beijing's mining ban

Bitcoin mining computers are pictured in Bitmain's mining farm near Keflavik, Iceland, June 4, 2016. Picture taken June 4, 2016. REUTERS/Jemima Kelly/Files

25 Jun 2021 09:30AM (Updated: 25 Jun 2021 09:35AM)

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SHANGHAI: Bitmain, China's biggest maker of cryptocurrency mining machines, said it had suspended sales of its products in the spot market to help ease selling pressure on the secondary market following Beijing's ban on bitcoin mining.

In a statement, Bitmain said it is looking for "quality" power supplies overseas along with its clients.

Source: Reuters