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Leading Chinese cryptocurrency hardware maker and miner Bitmain Technologies Inc. reported a $500 million loss in the third quarter as the price of bitcoin continued to drop. The figure comes from Coindesk, which claimed today that the loss was confidentially reported in an update of financial results to the Hong Kong Stock Exchange as part of a review into Bitmain’s […]

The post Report: Bitmain booked a $500M quarterly loss as bitcoin price dropped appeared first on SiliconANGLE.