The Corona virus still dominates the global media landscape, and it continues to spread throughout China.
This made the Chinese government take a set of different measures to prevent the virus from further spreading.
Among the measures taken was to quarantine and prevent people from returning to work, which caused the suffering of many companies, which also included a cryptocurrency mining farm that was forced to close until the epidemic was addressed.
"Jiang Zhuoer" CEO of "BTC.top" recently reported that all mining machines are now closed on one of the mining farms located in a remote area of the country.
It was also stated in his post that the company had been informed that she would not be allowed to return to work for some time.
He also insisted that this was the first time that the farm had stopped working and that maintenance personnel were always present before the quarantine was announced.
However, this is not the end of China's mining industry problems.
Mining equipment manufacturers are also affected:
Bitcoin mining equipment manufacturers are also forced to delay after-sales services due to similar problems.
For your information, electricity in China is cheap, especially in places like Sichuan, Xinjiang, Yunnan, and Inner Mongolia.
What allowed many investors to go to the Bitcoin mining market and the emergence of many major companies in this field, whether through the direct mining process or the mining hardware industry, and there are many examples of this, including:
The company "Canaan Creative" and "Bitmain", the latter which is among the largest manufacturers of mining devices, which produce about two-thirds of mining devices in the world.
Corona virus outbreaks can significantly affect these companies ’plans and expected performance.
Many expect this event to have a serious impact on the price of the currency, as the outbreak of the Coruna virus will potentially interfere with the mining industry.
The impact on miners could multiply as the bitcoin bonus is set to split in May.