First Mover Asia: Filecoin Struggles Amid China Exposure, Cost of Subsidy Concerns

first mover asia filecoin struggles amid china exposure cost of subsidy concerns
first mover asia filecoin struggles amid china exposure cost of subsidy concerns 1

“During this time, a large number of JBOD products were sold directly to mining companies and prices of high-capacity HDDs began to rise, even driving many out of stock when there was a shortage of 8 terabyte-plus HDDs,” Yang said, explaining that the Filecoin-induced demand for HDDs came as COVID closed factories in China.

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