TSE Sponsored：Global Crypto Mining News (July 4 to July10)
1. The United States’ second largest electric power firm, Duke Energy, is reportedly exploring bitcoin mining. The news was confirmed by Duke Energy’s Lead Rates and Regulatory Strategy Analyst Justin Orkney. He stated that the firm is running an ongoing study into bitcoin mining. Orkney also confirmed that Duke Energy is already hosting a small-scale system for several bitcoin miners. Read more 2. A common concern during cyclical downturns in bitcoin (BTC) mining is the extent to which miners are selling their BTC holdings, crypto exchange Coinbase (COIN) said in a research report last week. In times of market upheaval and a falling bitcoin price, margins compress across the board and force more miners to become net sellers, the note said. Given the price drop and the resulting loss of profitability, the financing environment for the mining industry has “shifted materially” since late last year, and raising capital in the public markets has become very difficult, Coinbase said. Still,...