Argo Blockchain, Stronghold Digital, and Bit Digital appear to have reduced their hashrate in May, as bitcoin’s halving event rendered older generations of mining hardware unprofitable, data shows. Bitcoin’s average hashrate in May declined by 4.16%. But Argo, Stronghold, and Bit Digital experienced even larger drops in their realized proprietary hashrate, decreasing by 20.82%, 7.85%, […]
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