Miner Weekly: When All-Time High for Bitcoin Mining Stocks?

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ICYMI: Over the weekend, reports surfaced that TSMC had cut ties with Bitmain co-founder Micree Zhan’s AI chip company, as part of a U.S. investigation into TSMC’s potential sanctions violation with Huawei. This development holds serious implications for Bitmain’s bitcoin mining ASIC business, as it relies heavily on access to TSMC’s advanced chip fabrication facilities. Notably, Bitmain’s current partnership with TSMC could be in jeopardy, affecting numerous Antminer orders from major U.S.-based mining companies.

To clarify its position, Bitmain swiftly issued a statement Monday denying any involvement in the U.S. investigation into TSMC and Huawei. (Catch up on the full story here)