Bitmain offers Chinese miners assistance with relocation abroad.

Representatives of the mining equipment manufacturer Bitmain, at a meeting with clients in Chengdu, the capital of Sichuan province, shared information about organizing business abroad and offered assistance. The company reported this on WeChat.

According to the statement, the firm shared experiences and proposals regarding registering enterprises, building data centres, hiring staff, and complying with legal norms.

Bitmain also invited specialists from the United States and Kazakhstan to provide miners with consultations on local legal and tax regimes.

The company noted that it would continue seeking high-quality energy sources for clients, especially cleaner energy.

In response to potential maintenance issues with equipment outside China, Bitmain established a service network. It is expected to help shorten repair times from three weeks to four days.

Meanwhile, journalist Colin Wu noted that the BitDeer cloud-mining platform, previously owned by the company, is promoting Antbox. As Wu noted, BitDeer moved into the ownership of co-founder Jihan Wu as a result of settlement of the dispute with another co-founder — Mikri Zhang. Wu left Bitmain in January 2021.

This is a early product of Bitmain. It was originally designed for helping Chinese miners to move from the northwest region in winter to the southwest region in summer. Currently helping some miners leave China. https://t.co/lSjq6rmtdT

— Wu Blockchain (@WuBlockchain) June 24, 2021

Bitmain presented a product in November 2020. BitDeer moved into the ownership of co-founder Jihan Wu as a result of settlement of the dispute with another co-founder — Mikri Zhang. Wu left Bitmain in January 2021.

“This is a former Bitmain product. It was originally designed to help Chinese miners move from the northwest region in winter to the southwest region in summer. It is currently helping some of them leave China,” commented Colin Wu on the Antbox advertisement.

As Kevin Zhang, vice president of the American mining company Foundry, predicted, by the end of June approximately 90% of Chinese crypto-mining enterprises will shut down equipment due to prohibitive measures by authorities concerning the industry.

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