Re: Avalon pursuing 7nm technology

There is no way Avalon has any plans to stop selling BTC miners in the near future, they have likely made 10's of millions (or much more..) selling hardware, no company is walking away from a cash cow where customers are LINED up 10 or 20 people deep at times. What the release is saying IMO is that future revenue growth or new revenue streams will include alt coin miners and AI and other high density computing ASICS. I don't read anywhere that they are moving away from mining at all.

A successful business is always expanding and exploring other revenue streams. This is exactly what bitmain is doing with their Sophon AI business. Avalon is just following the industry leader.

I think that they will shift as bitmain is doing.

Adding additional complimentary vertical markets and new revenue streams can hardly been seen as shifting away from mining. Neither company has given any indications that their core business is changing at all. Now that their core business has made them millions and millions of dollars they have the luxury to strengthen the corporation by adding in diversity to their already significantly profitable and relatively stable revenue stream. Multi billion dollar business don't shift away from their core business while expanding new business, that would not be smart.