Hive Blockchain says GPU mining revenues plunged in September

Bitcoin miner Hive Blockchain said that revenues from GPU mining (a small portion of its business) were 'dramatically reduced' after The Merge.

Bitcoin miner Hive Blockchain said that revenues from GPU mining were “dramatically reduced” after The Merge. GPU mining is a small portion of its business.

The company is still assessing whether to shift that power capacity to bitcoin mining, as “proof-of-work mineable coins experienced significant volatility” since The Merge.

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