While crypto market prices are down, bitcoin mining operations are expanding at a rapid pace during the market downturn.
The newly merged operation plans to apply for a public listing and the business combination is expected to settle by the end of the year. The Texas-based Rhodium utilizes “proprietary tech to self-mine bitcoin,” according to the firm’s website.Following a number of announcements during the last three months, Cleanspark, Inc. revealed on Tuesday that the company’s mining operations have surpassed 4 exahash per second .
“Bitcoin mining, when done with an eye toward low-carbon energy sources, can hasten the decarbonization of our economy,” Bradford. “No other industry can do this like Bitcoin. In addition to being a technology that we believe will revolutionize our monetary system, Bitcoin is also a technology capable of revolutionizing our energy systems, making them more resilient, abundant, and clean.
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