In the field of cryptocurrency mining, the halving of adversarial mining rewards has always been a topic of great concern. Recently, Bitmain, one of the world's largest Bitcoin mining machine manufacturers, has faced major challenges due to the halving of mining rewards. This decision not only affected Bitmain’s position in the mining field, but also led to layoffs within the company, which in turn triggered the reorganization of the artificial intelligence business. Let’s dive into this series of changes and impacts.

Mining reward halving is an important mechanism in the Bitcoin system, aiming to control the supply of Bitcoin and maintain its value stability. However, this measure has brought huge challenges to mining companies such as Bitmain. As mining rewards are halved, mining becomes more difficult and profit margins shrink. As an industry giant, Bitmain is naturally not immune to this.

For Bitmain, the halving of mining rewards not only means a reduction in profits, but also means adjustments to the company's internal structure and strategy. Layoffs have become an inevitable choice because companies need to reduce costs to adapt to the new market environment. Although layoffs can help alleviate economic pressure, they will inevitably have a certain impact on employees and companies.

Along with the layoffs, Bitmain also announced a reorganization of its artificial intelligence business. This move is regarded as one of the important strategies for the company's future development. As an important direction for future technological development, artificial intelligence is of great significance to Bitmain. By reorganizing its artificial intelligence business, Bitmain is expected to achieve greater breakthroughs in technological innovation and industrial upgrading, and achieve transformation and upgrading.

Amid this series of changes and adjustments, Bitmain’s resilience and coping capabilities have attracted much attention. In the face of market changes, the company responds with a positive attitude, constantly adjusts its strategy and seeks breakthroughs. This keen market insight and decisive decision-making ability will help Bitmain overcome obstacles in its future development.

In general, Bitmain’s stability and progress in fighting against the halving of mining rewards, layoffs, and artificial intelligence business restructuring have set an example worth learning from. Facing the challenges of the market, only through continuous innovation and adjustment can we remain invincible. I hope that Bitmain can continue to maintain this courage and wisdom in its future development and create a more brilliant tomorrow.

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According to a report by Chinese media on January 2, several insiders confirmed that the mining machine giant Bitmain had launched a personnel optimization plan at the end of 2019. Insiders of Bitmain revealed that the company is currently operating normally and has a healthy cash flow. The optimization is just a "slimming plan" to deal with the halving of Bitcoin, and it is also a correction to the arbitrary expansion of the business of the former chairman Zhan Ketuan. Last weekend, Wu Jihan held a relevant meeting and asked all department managers to submit an "optimization" list.

In response, Dovey Wan, co-founder of Primitive Ventures, posted on Twitter
that before the halving of Bitcoin, Bitmain will further lay off half of its employees before the Lunar New Year. For Chinese companies, "personnel optimization plan" means "layoffs."

Chinese media reported that Bitmain will hold its annual meeting on January 17, and it is expected that the optimization plan will be completed before the annual meeting. Industry insiders speculate that the reason for the layoffs is likely that the mining industry is facing the pressure of Bitcoin halving, and the company needs to streamline its organization to "overwinter" while focusing on its main business and maintaining its technological leadership.

In fact, compared with the competitor Shenma Mining Machine, which has a staff of hundreds of people, Bitmain has a team of thousands of people, and the number of employees is relatively redundant. Industry insiders also mentioned that the current trend of Bitcoin is not clear, and the halving of Bitcoin is a huge uncertainty for mining machine companies. They are not surprised by the rumors of layoffs in Bitmain.

Bitmain insiders said that this optimization is also a correction to the former chairman's arbitrary expansion of business and arbitrary use of funds. It is reported that AI
business will become the focus of "optimization" because it cannot generate profits. The mining machine business is currently being promoted intensively and will be relatively safe to maintain the leading edge of technology in the industry.