Bitmain, the China-based cryptocurrency mining behemoth, has acquired the status of a legend in the industry, with a ton of mystery surrounding its operations. The company is undoubtedly one of the most profitable cryptocurrency businesses in the world. But it seems, Bitmain is now slowly falling out of favor. A report from investment research firm Sanford C. Bernstein & Co. suggests that Bitmain is losing its technological advantage over its competitors in producing the cryptocurrency mining chips. As per the analysts, while Bitmain still controls as much as 85 percent of the cryptocurrency mining equipment market, other companies such as Canaan…

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