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The full-stack Bitcoin (BTC) mining software and services provider Luxor Technology is introducing a marketplace for miners where users may buy hosting services for their mining equipment. When purchasing bitcoin mining computers through Luxor's brokerage service, which was introduced earlier this year, miners will be able to compare hosting options.
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The FTX collapse highlighted many flaws in the crypto industry. Now, the effects of the FTX debacle have broken into the nonfungible token (NFT) space with users unable to view their FTX-hosted NFTs. In a tweet, Solana engineer jac0xb.sol pointed out how the metadata of FTX-hosted NFTs now points to a
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"All units outside of the [Bitmain Antminer] S19 XP [go] into negative gross margin territory," at above 9 cents per kilowatt hour, said Ethan Vera, chief operating officer at mining services firm Luxor Technologies. "If hashprice [the value of 1 terahash/second of computing power per day] trends down we expect
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Debt has been a sore spot for some crypto miners, some of whom have faced margin calls on their loans as the value of their collateral, usually bitcoin or equipment, has diminished during the past few months' market rout. However, given the capital heavy nature of the mining business, raising
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Once all the ASIC servers are fully deployed, the agreement is seen generating about $50 million in annual revenue, said the company. Source
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“With locked-in long-term contracts amid persistently high hosting demand as well as significantly lower equity capital needs, we think APLD is poised to revalue significantly,” said DA Davidson’s Brendler, who reiterated his buy rating on Applied’s stock. Source
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Marathon has also signed additional deals with its existing partner Compute North to include 42MW of hosting capacity at Compute North’s facility near Granbury, Texas. Marathon expects to have an additional 14,000 miners installed at this facility, bringing the total number running near Granbury to about 26,000 miners, representing approximately
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Riot, however, decreased its hashrate expectations for the year to 12.5 exahash per second (EH/s). The downgrade follows June's reduced forecast, when it said it expected 12.6 EH/s by January 2023, below May's prediction of 12.8 EH/s. The miner produced 421 bitcoins in June, compared with 466 BTC in May,
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"There have been widespread delays in infrastructure build outs due to supply chain constraints, operational complexity and power delays,” Lauren Lin, Luxor’s operations manager, told CryptoX. “These problems have led many investors such as family offices, hedge funds, and high-net worth individuals to look at hosting options with established miners
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The two plan to identify a test mission by August 2022. Source
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