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Bitmain May Lost $740 Million in Q3 2018

Originally reported by the Twitter account known as BTCKING555 December 3, the author of which almost exclusively tweets about Bitmain, unreleased quarterly earnings data for Q3 2018 allegedly reveals $740 million losses.

According to the "leaked" information, the number could end up higher, as the losses do not take into account additional expenditure by Bitmain shoring up its favored fork of failing altcoin Bitcoin Cash.

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Published on: 12/5/18, 1:40 PM