Recall the dubious NuMiners that Sphere 3D signed up for $1.7 billion?
Cipher said the new purchases will add about 1.2 EH/s to its proprietary mining capacity.
The mining hardware arms race is becoming more expensive – at least for now
Bitcoin's average monthly hashrate closed at 507 EH/s in December
Directors behind the buyer appear to be business partners of BIT Mining's current CEO
Griid's SPAC submitted a form 25 to delist from the NYSE American stock exchange
How many of them are diverting hashrate as well?
Terawulf aims to take advantage of the "opportunistic market conditions."
Hashrate curtailed at a time when bitcoin's transaction fees accounted for 28% of block rewards.
Bitcoin's mining competition has never been this difficult.
The new miners are expected to help improve HIVE's fleet efficiency to 25 J/TH once fully installed.
A new metric to give you a better outlook before the halving