Tesla has dumped 75% of its bitcoin holdings a year after touting ‘long-term potential’
KEY POINTS Tesla said in its second-quarter earnings statement that it has “converted approximately 75% of our Bitcoin purchases into fiat currency.” The company invested $1.5 billion in bitcoin early last year. After a huge rally in 2021, the digital currency has plunged in value this year. PUBLISHED WED, JUL 20 2022 5:53 PM EDTUPDATED […]
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Samsung’s new mining chips will be 45% more efficient
Source: https://cryptoslate.com Zeynep Geylan · July 19, 2022 at 1:00 am UTC Tech giant Samsung said it is currently working on new 3-nanometer(nm) mining chips that will be 45% more energy efficient. The new chips are estimated to have 23% higher performance and are expected to significantly reduce carbon emissions in the mining industry. The company started working […]