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MARA Market Director: Future Mining Companies Should Merge with Power Companies and Acquire Chip Companies to Enhance Competitiveness
Summary: In breaking news, cryptocurrency mining company MARA's Market Intelligence Director Clark Soucy shared at the Doge Night Global Sales Gala in Hong Kong today that MARA had acquired a data center two years ago to expand its scale, and recently also acquired a wind farm in Texas to obtain cheap and reliable energy. Currently in ...
In breaking news, cryptocurrency mining company MARA's Market Intelligence Director Clark Soucy shared at the Doge Night Global Sales Gala in Hong Kong today that MARA had acquired a data center two years ago to expand its scale, and recently also acquired a wind farm in Texas to obtain cheap and reliable energy.
Currently in the U.S. cryptocurrency mining sector, due to the AI frenzy, electricity costs are soaring; major companies like Microsoft are willing to pay above market prices for power, impacting cryptocurrency mining companies.
In the future, mining companies need to merge with power companies to gain an advantage.
Additionally, most mining machine chips currently come from Samsung and TSMC, causing Clark Soucy to feel uneasy about the uncertainty in the future chip industry. Clark Soucy stated that mining companies not only need their own energy source but also need to produce their own mining machines.
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Link: MARA Market Director: Future Mining Companies Should Merge with Power Companies and Acquire Chip Companies to Enhance Competitiveness [Copy]
