Bitcoin mining farms are in trouble - millions of dollars missing, BTC prices dropping every day, and mining profitability is at all-time lows. How are Bitcoin Miners responding to these circumstances? Are industrial BTC mining farms going to be a thing of the past? Let’s dig deeper. Subscribe - https://voskco.in/Sub
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Crypto mining farms are in deep trouble. With the FTX contagion having caused immense problems for many crypto companies, it appears that multi-million dollar Bitcoin mining farms were not exempt from the aftermath. With bankruptcy threats causing stock drops, and millions of dollars spent on private jets, Bitcoin mining farms are facing an unprecedented level of turmoil and stress that could have huge consequences on the BTC mining network around the world. Today, we’re going to be taking a look at all of this news and more.
⏰ Timestamps ⏰ 00:00 The biggest BTC miners are on brink of bankruptcy 00:53 Alameda Research invested $1.15B in Genesis Digital 02:50 Core Scientific stock fell 80% in the last 5 days! 03:18 Core Scientific issues bankruptcy warning 05:18 Bitcoin mining profitability 05:43 Crypto mining Stock Index performance 06:18 BlockFi offered loans to new miners? 07:18 Iris BTC mining faces a claim on $103M 08:02 Should Bitcoin mining be industrialized? 09:52 Heavier regulations for miners soon? 10:19 BTC miners could unwind their positions
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