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⛓️ Crypto🟢 BullishImportance 6/10
Trump-backed American Bitcoin expands owned mining capacity by anticipated 12% to 28.1 EH/s
🤖AI Summary
Trump-backed American Bitcoin is expanding its mining capacity by 12% to 28.1 EH/s, supporting its strategy of accumulating Bitcoin below spot prices. The expansion comes after the company reported a strong 53% gross margin in Q4.
Key Takeaways
- →American Bitcoin is increasing its mining capacity by 12% to reach 28.1 EH/s.
- →The expansion supports the company's strategy of accumulating Bitcoin below market spot prices.
- →The company achieved a 53% gross margin in Q4, indicating strong operational efficiency.
- →The mining operation has backing from Trump, adding political significance to the expansion.
- →The capacity increase positions American Bitcoin to mine more Bitcoin at potentially lower costs than market prices.
Read Original →via The Block
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