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Samson Mow
Why is Bitmain raising capital so fast & only showing Q1 results to pre-IPO investors? We're well into Q3 now. The reason is Q2 was a disaster. Bitmain is sitting on a massive $1.24 billion USD in inventory & S9 prices dropped by ~85%! Q2 losses range in the $600-700 millions.
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Samson Mow 12 Aug 18
Replying to @Excellion
If prices stay same, Bitmain will continue bleeding as they went ALL IN ordering massive amount of wafers from TSMC. You don’t become a top 5 global customer of TSMC with smaller orders. Pre-IPO investors should push them to disclose their Q2 numbers immediately.
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Beautyon 13 Aug 18
Replying to @Excellion
Wait, what? I thought everyone was supposed to be helping bcash and Bitcoin Enemies survive so they can hurt more people, not pointing out their flaws to constrain the inevitable disaster? What about the altruism?! Scammers have feelings too!
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Samson Mow 13 Aug 18
Replying to @Beautyon_
I prefer to help them by helping them fail fast :)
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mung-yo 12 Aug 18
Replying to @Excellion
Thanks, it's critical info.
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Arthur van Pelt 12 Aug 18
Replying to @Excellion
I touched on that subject too.
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Eʟᴇᴠᴀᴛᴇᴅ 12 Aug 18
Replying to @MyLegacyKit @Excellion
Twitter is blowing my mind lately with all the great research and info being shared by passionate people who just want to learn more and uncover the truth !
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-=Extra=- 12 Aug 18
Replying to @Excellion
What about Bitmain’s AI chip BM1682? They are heavily involved in AI as well. Comes from TSMC as well.
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RrrrradVladdy 🔴🔴🔴 🚀 TAPROOT 12 Aug 18
Replying to @Excellion
I.e. "Don't touch with a ten foot pole!"
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Schyster Esq 12 Aug 18
Replying to @RadVladdy @Excellion
ten is the absolute minimum with a hazmat suit on. 🙃
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