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A leading mining company has just submitted an impressive report - its revenue for the third quarter surged to $50.6 million, a big pump of 87% year-on-year. Of this, the digital asset sector alone contributed $43.4 million.



Interestingly, this quarter they actually mined only 377 bitcoins, which is considerably less than the 555 coins from the same period last year. Logically, such a drop in production should cause concern, but the strong performance of the coin price has directly covered the production gap.

The company itself has stated that doubling revenue is not just reliant on the price of the coin; expanding computing power is one aspect, but more crucially, they have begun to lay out plans in the direction of AI. It seems that relying solely on mining is no longer sufficient; multiple avenues need to be pursued to stabilize the situation.
BTC-2.7%
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YieldHuntervip
· 12h ago
ngmi... 377 btc is pathetic hashrate tbh
Reply0
AlwaysAnonvip
· 14h ago
Miners are really interesting, still smiling even when the coins are few.
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GreenCandleCollectorvip
· 14h ago
It’s another wave ready to da moon.
View OriginalReply0
GasFeeCryervip
· 14h ago
The rising coin price saved my life.
View OriginalReply0
SatoshiHeirvip
· 15h ago
Undoubtedly, the financial report of the mining company implies an essential fallacy: its AI layout deviates from the consensus on the value of Mining.
View OriginalReply0
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