“All units outside of the [Bitmain Antminer] S19 XP [go] into negative gross margin territory,” at above 9 cents per kilowatt hour, said Ethan Vera, chief operating officer at mining services firm Luxor Technologies. “If hashprice [the value of 1 terahash/second of computing power per day] trends down we expect it to hit some resistance points as the high-cost operators and low-efficiency miners turn off,” he added.
Binance Denies WSJ Report Alleging $850M in Iran-Linked Crypto Transactions
Binance CEO Richard Teng has pushed back against a new Wall Street Journal investigation claiming the exchange processed $850 million...
