The transfer comes at a time when the mining panorama has change into extra aggressive after the latest Bitcoin halving, which reduce the block rewards by half. The provision of spot bitcoin alternate traded-funds (ETFs) have additionally deterred many buyers from the mining trade, shutting some doorways to capital for miners. Because of this, many miners are struggling to maintain their enterprise worthwhile by being pure-play mining operations and pivoting a few of their infrastructure to serve synthetic intelligence and cloud computing-related companies.
