Wukong Technology under 1024 Capital has bought 10,000 S21 #BTC mining machines from @bit_tribe, worth $50M, showing strong confidence in #Bitcoin and its ecosystem!
We have deployed BTC mining fields in the USA, Russia, Africa, and more, with a total capacity exceeding 200MW ⛏️
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Working as we promised. We are making more investment on #Bitcoin ecosystem
We just bought 2000 units of T21 Bitcoin Miner, about $3500 each to show our commitment to become the world's leading #BTC mining fund 🚀
Regarding the volatility caused by BTC developer @LukeDashjr remarks which are too subjective and conservative,
As a VC with #BTC ecological background, we support the innovation of BTC ecosystem and is willing to make more investment and incubation! 🚀
https://t.co/E0uPBPMFZj
This past month in crypto fundraising was led by BTC miners, with Northern Data and Phoenix Group raising ~$600M and ~$370M respectively.
Those deals aside, the rest of the crypto venture market did ~$750M in volume on 98 deals.
Expectation of a significant rally by @finbold for #BTC after 2024 halving which is expected to occur in April or May 2024. 🌗
Check out here: https://t.co/yqyleWQeCe ⛏️
ᴡʜᴀᴛ ɪꜱ ʙᴛᴄ ᴍɪɴɪɴɢ?
The process of validating the information in a blockchain block by generating a cryptographic solution that matches specific criteria.
A reward in the form of #btc and fees for the work done is given to the miner who reached the solution first. ⛏️