The head of Australian-founded sustainable Bitcoin miner Iris Energy has remained unfazed by the cratering price of Bitcoin and other cryptocurrencies. bitcoin crypto
The head of Australian-founded sustainable Bitcoin miner Iris Energy is unfazed by the cratering price of bitcoin and other cryptocurrencies, saying the asset would have to fall significantly before it became unprofitable to mine.The Sydney Morning Herald
“The revenue line is exposed to [bitcoin], but even at the current price the profits are pretty compelling.” The world’s best-known digital currency is currently around 12-month lows, as the crypto space has become further correlated with global tech markets, which have copped a battering in recent weeks due to rising interest rates and inflationary pressures.which are touted as being pegged to the US dollar and are viewed as a safe store of value away from the typical crypto volatility.
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