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According to South China Morning Post, Beijing-based designer of ASIC chips for bitcoin mining, Bitmain, may be involved into the China-US trade war.

In June Bitmain was categorised as “electrical machinery apparatus” which is subject to a 2.6 per cent tariff, South China Morning Post reports.

Newspaper states:

“The outcome is that Chinese cryptocurrency mining gear makers now face tariffs on their US shipments of 27.6 per cent, up from zero previously.”

Recall that last month, crypto mining giant Bitmain officially submitted its IPO prospectus with the Stock Exchange of Hong Kong.

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