Thursday, April 18, 2024
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JP Morgan lowers Bitcoin production costs after CBECI update

Recent changes to the Cambridge Bitcoin Electricity Consumption Index (CBECI) methodology have led JP Morgan to adjust its estimates concerning the production costs of Bitcoin(BTC). Previously pegged at approximately $21,000, the new model suggests that the cost of producing a single Bitcoin is now closer to $18,000. The shift signifies that

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Web3 Company Animoca Brands Lowers Fundraising Goal to $1 Billion in Q1 2023 – Metaverse Bitcoin News

Animoca Brands, a Web3 gaming-focused company, has announced it is now targeting a raise of $1 billion for a fund directed to inject help for already established blockchain projects. The number is significantly lower than the $2 billion the company announced back in November as an upper limit for this

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Bitcoin Miner Marathon Digital Misses Q3 Revenue Estimates, Lowers Hashrate Outlook for 2022

The first risk, said Jefferies, is Marathon's expectation of 3.2 EH/s to be plugged into a Compute North facility in Texas. In addition to regulatory delays, there's the issue of Compute North's bankruptcy, and whether Marathon might have to renegotiate terms with the hosting company. The other risk, said the

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