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Bitcoin Mining Giant, Bitmain to Now Dominate the Artificial Intelligence Industry

Bitmain Technologies Ltd, the Chinese powerhouse of cryptocurrency mining, has been credited with generating approximately 80 percent of world’s digital currencies. A feat similar to this was unheard of a couple of years ago. The Company offers computing chips, high-density server equipment, and large-scale parallel computing software.

Despite its terrific financial success in the cryptocurrency industry, Bitmain is not resting on its laurels. Bitmain is now turning to Artificial Intelligence (AI) as an alternate revenue source, according to “As a China company, we have to be prepared.”

Wu said that  “Artificial intelligence requires lots of computations,” similar to cryptocurrency mining. Both AI and crypto mining use Application-Specific Integrated Circuit (ASIC) chips.

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