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Miners Eye AI Switch Post-Halving Due to Rising Costs – Hodl.Press – digest

Bitcoin miners are moving towards AI due to increasing operational costs, with companies like BitDigital, Hive, and Hut 8 leading the charge. The cost to mine one BTC could double by year-end, pushing miners to seek alternatives. Despite high revenues from increased network fees, the sustainability of mining is challenged, making AI a lucrative and stable opportunity. This shift could transform miners into tech companies, leveraging blockchain and AI for growth..

A New Opportunity – Hodl.Press – digest

FTX creditors are invited to participate in an auction for the exchange’s Solana tokens, a strategy introduced by Figure CEO Mike Cagney to open investment opportunities to a broader audience, including retail creditors, with a reduced minimum investment of $5,000. This initiative, diverging from direct sales, aims to democratize the asset liquidation process through a special-purpose vehicle (SPV) accepting various currencies and implementing a KYC process. The approach has sparked debate due to previous discounted Solana sales, which some creditors argue undervalue their assets. This auction represents a significant shift towards inclusivity and transparency in the cryptocurrency market’s asset liquidation… Read More »A New Opportunity – Hodl.Press – digest