BitOcean suspends production of Bitcoin ATMs

     Yesterday, Nan Xiaoning, founder and CEO of Bitcoin ATM manufacturer BitOcean, announced through his personal WeChat account that BitOcean will suspend the production of Bitcoin ATM products due to hardware supply issues.

WeChat content

WeChat full text:

     Due to many complicated reasons, BitOcean's ATM production has been suspended, but we are still here. Recently, I have received many emails inquiring about ATMs. I really want to say that it is not that we don't sell them, but we really can't find a suitable hardware OEM manufacturer to do it. A full set of hardware selection, software, and background security measures are available. If anyone is interested and has resources, please continue to contact me.

     It is understood that BitOcean was founded in March 2014, launched the first one-way Bitcoin ATM in May 2014 , and launched the first two-way Bitcoin ATM in September of the same year . As one of the few Bitcoin ATM manufacturing companies in the world, BitOcean has keen industry insights and extensive industry connections.

About Nan Xiaoning:

     Nan Xiaoning: Founder and CEO of BitOcean, lifetime member of the Bitcoin Foundation. He studied at Tsinghua University and received a GMBA from MIT. He has extensive experience in the digital asset industry and extensive connections in the industry . He has unique insights into the development of digital currencies and is familiar with the deployment and operation of Bitcoin mines. He focuses on the promotion and popularization of Bitcoin in China, and is committed to solving Bitcoin security, payment and other issues. He has gained unanimous recognition in the industry through his pragmatic style and reliable working methods.