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Cory Klippsten’s Swan Bitcoin Drops IPO Plan, Cuts Staff and Will Shut Managed Mining Unit

by SB Crypto Guru News
July 22, 2024
in Crypto Updates
Reading Time: 1 min read
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The move comes at a time when the mining landscape has become more competitive after the recent Bitcoin halving, which cut the block rewards by half. The availability of spot bitcoin exchange traded-funds (ETFs) have also deterred many investors from the mining industry, shutting some doors to capital for miners. As a result, many miners are struggling to keep their business profitable by being pure-play mining operations and pivoting some of their infrastructure to serve artificial intelligence and cloud computing-related services.



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Tags: BitcoinBitcoin NewsCoryCrypto NewsCrypto UpdatesCutsDropsIPOKlippstensLatest News on CryptoManagedminingplanSB Crypto Guru NewsshutStaffSwanUnit
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  • HOME
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