Analysts say Bitmain may be losing its technological edge

Analysts at Sanford C Bernstein & Co. said that Bitmain may be losing its technological advantage; TSMC, which produces Bitmain's chips, should require Bitmain to make full advance payments and avoid increasing production capacity just for cryptocurrency-related demand. The analyst also said that there are problems with the competitiveness of Bitmain's chips, and other competitors are catching up. Bitmain and TSMC have not yet commented on this.