GUANGZHOU -- Bitmain Technologies, the world's leading producer of cryptocurrency mining hardware, plans to slash its workforce by around half, local media reports say.
Maker of cryptocurrency mining hardware faces dip in demand due to lower payouts

Bitcoin will undergo a "halving" in May that reduces payouts for mining -- performing the computations needed to circulate the cryptocurrency. © Reuters
GUANGZHOU -- Bitmain Technologies, the world's leading producer of cryptocurrency mining hardware, plans to slash its workforce by around half, local media reports say.