Bitmain, Canaan and Ebang IPO Plans Snared by Trump’s Tariffs on Chinese Cryptocurrency Mining Gear

Beijing-headquartered Bitmain is likely to be the worst affected among the three Chinese mining hardware makers by the new US tariffs targeting Chinese goods.

Beijing-headquartered Bitmain is likely to be the worst affected among the three Chinese mining hardware makers by the new US tariffs targeting Chinese goods.

Chinese cryptocurrency mining hardware maker Bitmain is bracing for harder times as the China-US trade war shifts into high gear, with shipments to one of its overseas markets facing new tariffs since August 23.

That could be a problem for Beijing-headquartered Bitmain, which filed for a Hong Kong stock market listing in September, and is seen as the most exposed among Chinese mining hardware makers to US trade barriers, according to analysts.

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