"Popular Groups" G20 refuses to regulate Bitcoin, mining machine miners cheer

The Financial Stability Board (FSB), which formulates policy recommendations for the Group of 20 (G20), rejected the request of some member countries to impose regulations on cryptocurrencies. Encouraged by this, the price of Bitcoin rose sharply on Monday. The two-day G20 Finance Ministers' Meeting kicked off on Monday in Buenos Aires, the capital of Argentina. The price of Bitcoin once fell below $7,400 the day before the meeting, but after the good news came out, it rose 4.25% to $8,544.66 during the trading session on Monday. The rise of Bitcoin, coupled with the excellent performance of the graphics card manufacturer Hanxun (6150), which is engaged in mining and expansion, cheered the miners of mining machines in the early trading.

Driven by the bright performance of the company, many second-tier stocks rose by more than half of the limit, including Qingyun (5386), Jetway (6161), Chaintech (2425), Biostar (2399), etc. Benefiting from the mining business opportunities, the company's after-tax earnings per share (EPS) soared to over 9 yuan last year (2017), setting a new record. In the first quarter of this year, the graphics card business continued to be strong, with EPS reaching 6.48 yuan in the first two months. In the early trading, the price of the stock price of Hanxun reached 326 yuan again.

At this stage, due to the fermentation of mining business opportunities, the demand for high-end graphics cards in the market remains strong and continues to be out of stock, especially for AMD graphics cards, where products are in short supply. The first quarter operating outlook is good, and the market shortage is expected to continue until the middle of the year.