Bitcoin Mining Stocks Update (May 20, 2022)
Bitcoin mining stocks bounced back last week, but they're not out of the woods yet.
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Mawson announced a new 120MW development in Texas that it expects to be operational by the 4th quarter. Bitfarms lowered its 2022 hashrate guidance to 6 EH/s, citing adjustments to its expansion plans, but said it is still evaluating opportunities that may allow it to hit 8 EH/s by year end; Core Scientific also lowered its hashrate projection for 2022.
Bitcoin Mining Stock News (May 20, 2022)
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