Bitcoin Is an Existential Threat to the Modern Liberal State 13 years ago
If I'm not mistaken, 60% of BitPay's revenue from February and March came from Avalon ASIC devices being sold through BitPay. Avalon have now completely sold their 3 planned batches so BitPay's April figures should be a lot lower.
It might have been a once off for them as even if other ASIC manufacturers use BitPay, the demand will surely be lower as the ROI of ASIC devices will take much longer after the current ASIC batches in production get on the network and push the difficulty up.