If Bitmain is still selling them they HAVE to be a good buy right? RIGHT what is wrong with them. From a marketing standpoint. I get economy but what they are doing is blowing my understanding of a functioning market lol
I believe bitmain paid in advance for chips. These are non-refundable. And now they have to slash prices greatly to clear inventory. Basically, they making the whole market pay for their mistake...
The crazy thing is it seems canaan is gonna IPO to raise money to do the same. I read about it somewhere. They get to lower price if they pay for inventory in advance I think. It is madness really...