Google Makes Moves in Crypto: A New Era for Mining
Google is not just watching the cryptocurrency world anymore; it is actually in it. The tech giant has just acquired a 5.4% stake in Cipher Mining, indicating a seismic shift where traditional technology meets digital assets. This investment shows that mining is becoming a more accepted business model. We’ll look into what this partnership means, the role of energy efficiency, and what it spells for the future of digital currencies.
Google’s Investment in Cipher Mining
Google’s 5.4% stake in Cipher Mining is a massive step that highlights the trend of tech companies entering crypto. Backed by $1.4 billion in obligations from a deal with Fluidstack, Google clearly believes in the future of mining. Cipher Mining, a major Bitcoin mining…
