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Hash rate plummeting, frantic coin selling! Is this mining company also switching industries to survive?
Just finished analyzing DMG's data, and this behavior indeed reflects the current anxiety in the mining circle.
This guy announced the establishment of a new subsidiary to focus on AI/HPC, in plain terms, it means mining is becoming too difficult to continue. In April, only 21 BTC were mined, hash rate dropped from 1.63 to 1.54 EH/s, and they secretly sold 9 coins from their inventory.
This is the reality:
Efficiency bottleneck: both output and hash rate are decreasing, indicating that old machines are struggling to keep up with increasing difficulty.
Cross-industry survival: abandoning good mining operations to develop AI, because they see the premium in AI data centers and want to tell a new story.
My judgment:
The era of pure mining companies is coming to an end. Either stubbornly upgrade hardware like some big players, or rely on AI like DMG. Don’t think switching industries is a good thing; it actually shows that the old line of work is becoming increasingly difficult to sustain.
Miners are selling coins and switching to AI, aren’t you feeling the shift in the wind? #Gate广场五月交易分享 #韩国加密征税倒计时 $TON $ZEC $LAB