Not a lot of hard facts in the article. As a person that has built out mines. For 10 to 1000 miners I can tell you that mining btc is headed towards a brick wall as I type. If we do not see btc rise to 75-90k asap miners will be crushed in the April-May months after the 1/2 ing.
Not a lot of hard facts in the article. As a person that has built out mines. For 10 to 1000 miners I can tell you that mining btc is headed towards a brick wall as I type. If we do not see btc rise to 75-90k asap miners will be crushed in the April-May months after the 1/2 ing.
Zero Two (formerly FS Innovation), forged a partnership with local bitcoin mining company Phoenix Technology marking the establishment of two immersion-cooled facilities in Abu Dhabi, with a combined capacity of 250 MW. Zero Two will own 200 MW, while Marathon will operate the remaining 50 MW.
It's still weird, we have all the news possible from even a failed merger between two major players but a company which can on their paper be behind almost 15% of the total hashrate with an insane profitability is basically know just from press releases while at the same time it seems they take all the steps needs to make themselves known. The thing is legit but why advertise if you at he same time don't need investors and you're not open to completely reveal data? Just for bragging?Maybe this strange thing is justified, I read in an article on Cointelegraph that:
In October 2023, Abu Dhabi's International Holding Company acquired a 10% stake in Phoenix Group through its subsidiary International Tech Group.https://cointelegraph.com/news/phoenix-surges-50-abu-dhabi-ipo (https://cointelegraph.com/news/phoenix-surges-50-abu-dhabi-ipo#:~:text=In%20October%202023%2C%20Abu%20Dhabi%20conglomerate%20International%20Holding%20Company%20acquired%20a%2010%25%20stake%20in%20Phoenix%20Group%20through%20its%20subsidiary%20International%20Tech%20Group.)