Bitmain's revenue in the first four months exceeded 300 million US dollars, AI business grew rapidly, and tens of millions of bonuses were given to employees

Wu said that the blockchain learned that before May 1 Labor Day, Bitmain announced internally that the company’s revenue in the first four months of 2020 exceeded 300 million U.S. dollars, and the AI ​​business grew rapidly, bringing economic and social benefits, and even began to do "bird protection" . In addition, a special May Day bonus totaling tens of millions will be distributed to employees.

Industry insiders: TSMC will produce the 5nm chips ordered by Bitmain in the third quarter: Bitmain is cooperating with TSMC. According to industry insiders, the production of 5nm chips for Bitmain will start in the third quarter. A recent report from DigiTimes.com claims that Bitmain has ordered 5nm chips from the Taiwanese chipmaker.

At present, the bitcoin mining machines with high computing power on the market are produced by companies such as Bitmain, Canaan Zhizhi, and MicroBT. The chips they use are between 12nm and 7nm. (Bitcoin.com) [2021/5/17 22:11:15]

Bitmain pointed out that from January to April 2020, it returned to the customer-centric sales market strategy, achieved revenue of more than 300 million US dollars, and regained market share. Four mining farms around the world started construction/renovation; the absolute value of computing power of two mining pools increased.

Foreign media: Bitmain faces investigation into competition for talent in Taiwan, China: The New Taipei City Prosecutor's Office in Taiwan, China has begun an investigation into bitcoin mining hardware manufacturer Bitmain's human resources practices in the region. Prosecutors inspected seven offices of two locally registered companies with direct ties to Beijing Bitmain, as well as 19 Taiwanese executives with ties to those companies. The investigation focuses on whether the companies violated the law by concealing ties to mainland Chinese firms while poaching local talent in Taiwan's semiconductor industry. (The Block)[2021/3/10 18:30:09]

Bitmain emphasized that the AI business began to develop rapidly after adjusting its structure. Smart communities, safe cities, new retail, and animal protection fields have created economic and social values. The third-generation cloud AI chip BM1684 has been mass-produced and shipped, realizing multiple A major customer broke through and received the final payment of an order of tens of millions. The fourth-generation cloud AI chip BM1686 is also being upgraded, and its competitiveness will be greatly improved. But in the future, we will never "build a car behind closed doors, and Lao Tzu is number one in the world".

Dynamic | Bitmain responds to "ordering 30,000 7-nanometer chips from TSMC": no comment on market rumors: In response to the previous news that "Bitmain paid a lot of money to order 30,000 7-nanometer chips from TSMC", Bitmain responded Said: No comment on market rumors. [2019/7/15]

Interestingly, it also emphasizes the development of image recognition and statistical software for rare birds, which can identify specific birds (such as red-crowned cranes) and assist wildlife protection departments in targeted statistics and protection measures.

Finally, Bitmain also announced that it will distribute May Day bonuses to all employees, capped at 70,000 per person.

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