There are very few investments that can deliver an infrastructure-style downside case with a venture-capital-style upside. The combination of energy arbitrage with accumulating a balance sheet of Bitcoin (BTC) can deliver this. That is why we are seeing a rush of institutions pouring into the Bitcoin mining space and starting to build out megafacilities.
Securing new-generation hardware
At its peak performance in 2018, Bitmain was able to produce over 95,000 rigs per week. However, since that…
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