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Popular miner lays off 15% of staff days after selling $1.1 billion in Bitcoin

From sg.finance.yahoo.com

The Bitcoin mining industry is in the middle of an identity crisis. With shrinking margins thanks to halving, soaring energy costs, geopolitical uncertainty, and intensifying competition, major miners are quietly reinventing themselves as AI and high-performance computing infrastructure companies. Firms like Core Scientific, Riot Platforms, and Cipher Mining have all announced pivots toward leasing data centre capacity to AI operators. It gives a higher-margin, more predictable revenue stream than mining ever offered. Bitcoin miner MARA Holdings is watching that shift closely, and its latest moves suggest it is ... (full story)

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  • Category: Fundamental Analysis