TechFlow news, according to Decrypt, a report by analytics firm TokenInsight indicates that shifting market dynamics have prompted three major Bitcoin mining machine manufacturers—Bitmain, Ebang International, and Canaan Creative—to shift their long-term focus from mining machines to artificial intelligence chips. The main reasons are stable production yields and the lack of profitability in mining, while the AI industry offers bright prospects and potential for further growth. Chip development is the core competency of mining machine manufacturers. According to another report, this sector generates annual revenues reaching several billion dollars, with Bitmain alone generating over $300 million in revenue during the first quarter of 2020.
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