Bitmain Widens Foray into AI with China Mobile Partnership

Bitmain, the leading producer of ASIC mining rigs, signed a memorandum of understanding (MOU) during the China Mobile Global Partner Conference. The exact nature of the deal is unknown. China Mobile is one of the largest state-run telecoms, reported AsiaCryptoToday.

In the past, Bitmain has also partnered with Aichain (AIT), a small crypto-based startup aiming to work on machine learning and AI solutions. AIT currently trades on thin volumes with a price of $0.01.

In the past few months, Bitmain saw significant setbacks, after an extremely successful start for 2018. The demand for ASIC mining devices slowed down, as the bear market diminished the profitability of cryptocurrency mining. Bitmain is one of the most influ…

This article appeared first on Cryptovest

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