Cambrian's stock price hits a new all-time high, denies large-scale supply to Internet companies

BlockBeats News, June 18th, according to Bitget data, today's intraday trading, Bitmain's stock price rose over 16%, reaching a historical high, with a market value of 965.6 billion yuan. On the news front, there have been recent reports about domestic internet companies purchasing domestic computing power. Industry insiders said that ByteDance is in discussions with Tianya Zhixin to purchase at least 50,000 AI chips, mainly used for inference work. Huawei and Bitmain are also ByteDance's suppliers.

In addition, there have been recent online rumors about an internal communication transcript from Bitmain circulating on the internet. This communication transcript stated that Bitmain's two main models supplied to ByteDance are the 580 and 690. It is expected that 120,000 to 160,000 units of the 580 model will be delivered in the second quarter of this year, and the 690 model is expected to be delivered in the second half of the year. Regarding the content of the aforementioned communication transcript, a Bitmain securities affairs representative stated that this is an online circulated "short essay," and advised investors to pay attention to verification. It is recommended to rely on officially released information. Bitmain has not recently held any internal communication events. (Yicai)