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(Bloomberg) -- After recovering from a near-death experience during the most recent crypto winter, Bitcoin miners are back in survival mode — spending billions of dollars on equipment and drawing energy at a record pace ahead of an update in the digital currency’s code that threatens revenue streams. Most Read from BloombergBillions Pour Into Nigeria as Tinubu’s Reforms Start to Pay OffIs Now the Right Time to Invest in Bitcoin?United Plane Veers Off Runway in Third Boeing Mishap of WeekThe $1 T
Bitcoin miners are about to see their revenues cut by the bitcoin halving. Publicly traded firms used last year’s bull run to raise capital before April's supply shock.
Texas made up 8.43% of the hashrate in the U.S as of the end of 2021, and that percentage has grown to 28.50% as of July 27, 2023.
Texas made up 8.43% of the hashrate in the U.S as of the end of 2021, and that percentage has grown to 28.50% as of July 27, 2023.