Bitmain to Reduce Workforce in Half Ahead of Bitcoin Halving

Rig maker Vitamin revealed a personnel optimization plan that will lay-off a significant portion of its employees before the next BTC halving, which will take place in May. The reason for the layoffs is the nearing Bitcoin halving, which will cut the number of new coins awarded to miners by half and be completed before the annual meeting on this coming January 17, 2020.

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