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    Michael Novogratz's Galaxy Appears to AI Computing as Bitcoin Mining Income Falls
    Bitcoin

    Michael Novogratz's Galaxy Appears to AI Computing as Bitcoin Mining Income Falls

    By Aoyon AshrafNovember 9, 2024No Comments1 Min Read
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    Galaxy stated mining income fell by 23% from the earlier quarter, at the same time as whole hashrate, or mining energy, elevated by 11% because of the halving, larger mining problem and seasonal operation curtailments. Regardless of Galaxy’s mining woes, the agency narrowed its third-quarter internet loss and its working income grew greater than 30% from earlier quarter, in keeping with the assertion. The shares jumped greater than 7% in Toronto on Thursday, whereas bitcoin and broader market index, CoinDesk 20, have been optimistic for the day.



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