“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.
Is SpaceX Stock Overvalued? Analyst Predicts SPCX Dip Ahead to $63
The investors are closely watching updates on the much-awaited SpaceX IPO, which has ignited strong investor optimism. The early trading...
