What Is the Impact of Vertical Integration (Manufacturer Also Mines) on the ASIC Market?

Vertical integration, where the ASIC manufacturer also operates large-scale mining farms, creates an unfair competitive advantage. The manufacturer can use the newest, most efficient hardware for their own operations before selling it to the public, maximizing their own profits and further contributing to the centralization of hash power.

This practice can also lead to price manipulation in the retail ASIC market.