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.
BRICS Accelerates Currency Shift With New Trade Tools and Payment Systems
BRICS nations are turbocharging their break from Western-dominated finance, advancing local currency trade, cross-border payment systems, and groundbreaking investment platforms...
