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Argo’s revenue from mining in the first half of the year was $32.5 million, down 14% from the same period last year, mainly due to lower bitcoin prices and an increase in the global hashrate and associated network difficulty. Adjusted EBITDA for the first half of 2022 fell 28% from
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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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Despite the growing amount of Polkadot’s token DOT being locked up in recent months, its market capitalization as a percentage of ether’s (ETH) has been in constant decline since the start of November 2021, Coinbase said in a report dated June 2. Source
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The spectacle that is the World Economic Forum (WEF) came to a close in Davos, Switzerland on Friday, May 27. Nearly 3,000 people from over 110 countries took planes, trains and helicopters to the highest town in Europe to lobby leaders and push and query the WEF agenda.And, while the
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A new study has found that nearly 43% of Turkish individuals surveyed consider gold to be the best form of investment, while just 1.9% said they would invest in cryptocurrencies. Real estate is the next most-preferred after gold, with 27.4% of the respondents saying they would invest. Fewer Turks Now
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Australian bitcoin (BTC) miner Iris Energy (IREN) remains on track for 15 exahash per second (EH/s) in hashrate – 10 EH/s of that by early 2023 – but its fiscal third-quarter revenue of $15.2 million was shy of the analyst consensus forecast of $16 million. Original Source
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As western sanctions increase the pressure on their country’s economy, many young Russians consider cryptocurrency to be a “reliable and profitable” investment option. According to a recent study, the share of Russian citizens who know about bitcoin has reached two thirds of the population. Under Sanctions, Russians Consider Buying Property, Gold,
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Adams stressed that blockchain technology can help combat income inequality and serve as a tool for giving incentives to residents. He said governments can use blockchain technology to send food stamps directly to digital wallets, put public records on the blockchain, or give out a dollar-to-dollar reimbursement for such products
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Bitcoin (BTC) has bounced 11% from the $39,650 low hit on Jan. 10 and, currently, the price is battling with the $44,000 level. There are multiple explanations for the recent weakness, but none of them seem sufficient enough to justify the 42% correction that took place since the Nov. 10
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