/A global chipmaking giant is blaming a slump in bitcoin mining for its lowered outlook

A global chipmaking giant is blaming a slump in bitcoin mining for its lowered outlook



In addition to key smartphone components, the Taiwanese company makes chips designed to perform calculations needed to verify cryptocurrency transactions in a process known as “mining.” In return for solving complex mathematical equations, miners receive bitcoin, which was trading near $8,200 …

Source: A global chipmaking giant is blaming a slump in bitcoin mining for its lowered outlook