Post by phoenix_traderon Jun 04, 2022 1:23pm
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Post# 34731775
BTC production plumets, why?
BTC production plumets, why?April - 88, May - 48 down 45% in one month with the same hashrate for both months. 119 miners added in May so hashrate should have been up about 5%. No explanation on CC, what gives?
March financials Note 8 says $28.8 mill equipment and data center assets added, with likely another $1.2 mill for April and May, that's $30 mill in new miners yet BTC production in May (48) was less than last December (66).