The strategy of 'Bitmain Emerson', which focused on Ethereum cryptocurrency mining, has faced a sharp reversal following the recent downturn in crypto markets. This event has sparked widespread discussion among investors and miners. Many experts are expressing concern about the future of Ethereum mining, especially given the network's transition to a Proof-of-Stake mechanism. The company had previously invested heavily in ETH mining hardware, anticipating its value would rise. However, recent market volatility has forced it to reconsider its plans. 'We see that the crypto market is undergoing a correction period, and this affects all participants,' the company stated. Analysts believe this downturn could lead to industry consolidation and the exit of less resilient players from the market.
