Bitmain lost 740 million dollars in Q3

4d chess in action

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whoa, its almost like all cryptocurrency is down

really high energy consumption by bitcoin. someone has to pay bills.

>valued at $18B
>lost $740M
>lost 1/24th of valuation when BTC market cap fell 4/5th
This is actually great performance you fucking brainlet.

How much do you want to bet that they already have a mark to assassinate Craig Wright.

marketcap and revenue are two different things u retarded nigger please go read a book on investing and finance

Squire is going to tank BTC and flip it with BSV. Screenshot this, faggots.

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I hope 2018 is the year of purging the Chink filth from the crypto ecosystem.

>bitcoin market cap falling 4/5th doesnt impact revenue of a bitcoin company

Lol wat

>t. liberal socialist shithereum supporter and blockchain advocate

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say hello to sub 1k$ Bitcoin

If Bitmain went under this would actually help the market a good amount. They were pumping out ASIC's at insane numbers and the hash rate was drastically rising, there is other companies that produce ASICs, but none of them are anywhere near Bitmain's volume. If we had an ASIC drought it would help make a more competitive environment and reduce the hashrate growth ra

imagine being this retarded - of course the value of btc matters however

valuation is 18b
losing 740m does not mean valuation is now 17.Xb

jesus u know this board is hopeless when apples are compared to oranges

now reread ur fucking post:

>valued at $18B
>lost $740M
>lost 1/24th of valuation when BTC market cap fell 4/5th
This is actually great performance you fucking brainlet.

again go read a fucking book u uneducated fuck

i have a feeling u are a lost cause so ill actually educate

Revenue = how much money a company receives for its good or service (sales)

Valuation = how much money a company is worth to a potential buyer

heres more:
investopedia.com/ask/answers/122414/what-difference-between-market-capitalization-and-revenue.asp

>muh IPO

Die Chink, faggots!

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>Valued at $18B
By which pajeet standards?
Must be worse than those used to value Whatsapp at 17B

>THIS

Imagine being this ignorant and arrogant at the same time.
>go read a book
Lmfao motherfucker I write books.

I guess the pajeet standards of CNN, Fortune, HKEX, etc. You realize its going public right? Early 2019 is their anticipated IPO.

Ok but spell it out for the retards like myself you fagget

> what does he mean by this? Why is this relevant?

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I LIVE IN PITTSBURGH AND I'M POLISH THAT'S WHY NOW TELL ME!