Bitmain Begins Expansion into South America

Bitmain is looking to establish a significant presence as it partners with two Bitcoin mining consulting firms. Meanwhile, co-founder Jihan Wu continues to consolidate his hold on the company amid an ongoing power struggle.

Bitmain Partners with Bitcoin Mining Consultants in South America

In a press release published on Thursday (December 12, 2019), Bitmain announced its partnership with Bit5ive and Fastblock. Both companies are crypto mining consultants and Bitmain is looking to use them as official distributors of its flagship Antminer Bitcoin mining hardware in South America.

Bitmain says it is hoping to leverage the extensive contacts both companies have in the region. The Bitcoin mining giant also said that it chose both companies because of their expertise in logistics, customer service, and consultancy.

Commenting on the new…

Click to continue reading on its source location…