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August 27, 2021, 09:54:03 AM |
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Increase in revenue is due to their acquisition of another mining operator and power agreements to fuel those rigs. I am not sure if that should mean anything by itself.
It is still fascinating that several individuals and companies take the risk to go into Bitcoin mining which is a long term commitment once you invest so much. It takes courage and conviction to back a technology in a regulatory environment so full of uncertainties. From the way things have moved in the past few months with Dorsey, Saylor, Musk and others coming out in support of Bitcoin, its clear that USA will once again lead the way in technology adoption.
Additionally, with the Chinese pivoting to CBDCs and kicking out miners, the path for a truly free-market adoption of Bitcoin is clearer. More power to these miners, these individuals and corporations.
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