The move comes at a time when the mining landscape has become more competitive after the recent Bitcoin halving, which cut the block rewards by half. The availability of spot bitcoin exchange traded-funds (ETFs) have also deterred many investors from the mining industry, shutting some doors to capital for miners. As a result, many miners are struggling to keep their business profitable by being pure-play mining operations and pivoting some of their infrastructure to serve artificial intelligence and cloud computing-related services.
Tron (TRX) Future Retail Activity Indicate More Gains Ahead
Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing...
