Swan Bitcoin Unveils BTC Mining Unit as Parent Company Prepares to Go Public

Date:

Share post:



Swan Bitcoin Unveils BTC Mining Unit as Parent Company Prepares to Go Public

The miners have faced a brutal crypto winter as their revenue is directly correlated to the price of bitcoin. At the depth of the bear market, many large miners, such as Core Scientific (CORZ), went bankrupt, and others barely hung on. However, the recent rally in bitcoin price, helped by the spot bitcoin ETF, has helped the mining economics and even seen companies, such as Core, coming out of bankruptcy.



Source link

Leave a reply

Please enter your comment!
Please enter your name here

Related articles

Weekend Reading For Financial Planners (July 26–27)

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with...

How to Plan a Trip to Paris on a Budget, According to a Local

Travelers can enjoy Paris without overspending by timing trips for the off-season, booking early, and skipping touristy...

Bitcoin Price Reclaims $118K Liquidity as BTC Traders Hope For New Highs Next

Key takeaways:Bitcoin traders now turn their focus to higher levels after Friday’s $115,000 liquidity grab.Fundstrat’s Tom Lee...

Airlines With the Fastest Wi-Fi in 2025 (Ranked by Someone Who Works From 35,000 Feet)

1 This post may have affiliate links, where I may receive a commission if you purchase through them....
Verified by ExactMetrics