Tag: mining
Bitcoin Miners Shift Focus to AI as Profitability Declines
Bitcoin mining profitability drops, prompting miners to redirect resources toward AI infrastructure and fund the transition by selling Bitcoin holdings.
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Global Cobalt Shortage Expected to Persist Through 2030 Amid Soaring Prices
Cobalt prices have surged over 160% due to export restrictions from the Democratic Republic of Congo, leading to a global supply deficit.
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US Invests Billions to Reduce Rare Earth Dependency on China, but Efforts Could Take a Decade
The US is spending billions to develop alternate rare earth supply chains away from China, aiming for long-term independence amid global tensions.
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