Bitmain has developed the first Ethereum ASIC mining machine

According to a CNBC report, Susquehanna analyst Christopher Rolland said that he has lowered his price targets for chipmakers Nvidia and AMD. Meanwhile, during his trip to Asia last week, he confirmed that Bitmain has developed an Ethereum ASIC mining machine and is preparing a supply chain for shipments in the second quarter. Bitmain is likely the largest ASIC supplier at the moment (accounting for 70-80% of Bitcoin mining ASICs) and the first to launch an Ethereum ASIC mining machine. Rolland said that he has learned that at least three other companies are working on Ethereum ASIC mining machines, but all of them are still in development.