On Wednesday, Argo lowered its 2022 hashrate expectations from 5.5 EH/s to 3.2 EH/s, citing delays in the delivery and deployment of Intel’s (INTC) Blockscale ASIC chips because Intel is redesigning them. The redesign is meant to increase the efficiency of the machines, close to Bitmain’s Antminer S19 XP, whereas before they were geared towards higher hashrate, Wall said in the call.
Bitcoin’s (BTC) Recent Weakness Has Not Been Isolated to Crypto Markets, Coinbase Says
“The average weekday spot volume on CEXs during 1Q24 was $18.8 billion, more than eight-fold the $2.3 billion daily volume...