The Chinese authorities fined the manufacturer of the mining equipment of Bitmain on $3,7 million – Bits Media

The Chinese publication reports, that local authorities fined one of the largest manufacturers of Bitmain mining equipment for 25 Milln Yuan ($3,7 million) Due to tax failure.

The penalty was imposed on the Bitmain Technologies by the Beijing Department of State tax administration. The manufacturer of equipment did not pay for personal income tax - that is, income, received by employees of the company. At the same time, the tax department notified the company of violations in August 2022 of the year. The volume of non -paid fees was $2,4 million.

Bitmain was founded in 2013 year and is engaged not only in the production of mining equipment, but also independent prey of cryptocurrencies. Together with the ban on mining in China in 2021 The business of the company was also affected by the year. Despite this, In January, Bitmain presented
Moded ASIC Mainer S19J Pro+, which issues power 122 Ths. Later it was reported, that the Iris Energy mining company purchased 44,000 devices from Bitmain.