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Cory Klippsten’s Swan Bitcoin Drops IPO Plan, Cuts Staff and Will Shut Managed Mining Unit

July 22, 2024
in Crypto Updates
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Earlier this 12 months, Swan mentioned it is going to go public throughout the subsequent 12 months and the mining unit had 160 megawatts (MW), or 4.5 exahash per second (EH/s), price of computing energy up and operating. The agency additionally mentioned that the mining enterprise has been funded by institutional traders, with greater than $100 million and hopes to boost extra capital to develop its operations.



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Tags: BitcoinCoryCutsDropsIPOKlippstensmanagedMiningplanshutStaffSwanUnit
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