Other Bitcoin miners such as Core Scientific, Argo Blockchain and Riot Blockchain have reduced their BTC holdings during the bear market.
After selling 887 Bitcoin in July, Argo cut its outstanding balance under the BTC-backed loan to just $6.72 million.
"The company voluntarily curtailed its energy consumption in order to ensure that more power would be available in Texas,” said Riot CEO Jason Les.
Miners go from sellers to hodlers again as the worst of June's capitulation phase seems to pass.
The mining firm said it aims to have a hashing capacity of 28 MW at the Alabama facility by the fourth quarter, and 55...
It may be as soon as August that miners start returning, and difficulty is already planning an uptick.
Mining expert Mohamed El Masri predicts that Bitcoin will be worth around $430,500 when the last coin is minted.
Ethereum Classic is a relatively smaller PoW chain compared to Ethereum in terms of usage and hash rate.
ETC's ongoing price rebound looks eerily similar to a bull trap event from 2021.
Cryptojacking has become a lucrative choice for cybercriminals as many victims are unaware they have been compromised.