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Cyber Bitcoin
Edited by qqqpeter at 2020-5-2 20:10

Bitmain's revenue exceeded $300 million in the first four months of the year, and AI's business is growing rapidly, giving employees a $10 million bonus.

Chinese self-media "Wu said the blockchain" was informed that before Labor Day, Bitmain announced that the company's revenue by April 2020 exceeded $300 million, the rapid growth of AI business, bringing economic and social benefits, and even began to do "bird protection".Also, special Labor Day bonuses totaling tens of millions will be given to employees.

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Bitmain pointed out that in January-April 2020, the return to the customer-centric sales and marketing strategy to achieve revenue of more than $ 300 million, regained market share. Four mines started/remodeled globally. Two pools increased in absolute power.

The media believed that in the first quarter because of the epidemic and holidays, S19 also did not start shipping, the mainland can achieve more than $ 300 million in revenue, which surprised the industry, showing that the sales "three axes" began to play?  Or in the mining downturn, the full ecological layout of the playing method can bring more stable revenue? By comparison, another miner said its revenue for the first quarter was no less than 60 million yuan.

The third-generation cloud-based AI chip BM1684 was shipped in mass production and achieved some major customer breakthroughs, and received tens of millions of orders. The fourth-generation cloud AI chip BM1686 is also undergoing an upgrade plan and will be significantly more competitive. But never again will it be "work behind closed doors".
But never again will it be "behind closed doors".

Interestingly, the emphasis was also placed on the development of software for image recognition and statistics of rare birds, which can identify specific birds (e.g., Dan-topped cranes) to assist wildlife conservation authorities in targeted statistics and conservation measures.

The media believed that this shows that the change has not abandoned the AI business, but on the contrary, it still relies heavily on the AI chip, but more respects the laws of the market, "from the needs of customers".  In the past, it was too big a spread of the AI chip business in Bitcoin, almost trying to build a "small Huawei", which is certainly not feasible.

Finally, Bitmain also announced that it would be giving out Labor Day bonuses to all employees, capped at 70,000 per person.
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