In a fireside chat with Kristinalcorner at the WEF's annual conference in Davos, hut8mining CEO Jaimeleverton talks about the perfect storm that happened in 2022 and how it affected the Bitcoin mining industry.
In January 2023, during the World Economic Forum’s annual conference in Davos, Switzerland, Jaime Leverton, CEO of Hut 8, a crypto mining entity that trades as a public company, sat down with me for a fireside chat at the Crypto Summit on the Promenade. Leverton outlined some of her views on the recent shakeout in the cryptocurrency market and reflected on how Bitcoin mining fares during the current turbulent period for the industry.
“We had record-high hash rate, languishing Bitcoin price and energy crisis, which came quickly on the back of one of the biggest bull markets we’ve seen for the crypto mining industry in particular. We saw more than 20 new mining companies go public. At the peak, we had close to 40 publicly-traded Bitcoin mining companies in North America alone.”
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Houston father Jaime Avalos coming home to Texas after being stranded in Mexico for monthsThe nightmare that resulted in Jaime Avalos being stuck in Mexico and away from his family for months is finally over.
Read more »
Houston father Jaime Avalos finally home after being stranded in Mexico for monthsThe nightmare that resulted in Jaime Avalos being stuck in Mexico and away from his family for months is finally over.
Read more »
'Soulless little boxes': Why Pizza Hut's red roofs and McDonald's play places have disappearedFor decades, bright, playful and oddly shaped fast-food restaurants dotted the roadside along America's highways.
Read more »
Why Pizza Hut’s red roofs and McDonald’s play places have disappearedWell into the 1970s, the designs were a prominent fixture of the American roadside, “imprinting the image of fast-food drive-in architecture in the popular consciousness.” But there was…
Read more »
Why Pizza Hut’s red roofs and McDonald’s play places have disappearedWell into the 1970s, the designs were a prominent fixture of the American roadside, “imprinting the image of fast-food drive-in architecture in the popular consciousness.”
Read more »
Schmigadoon! Star Jaime Camil Teases Darker Season 2 That Riffs On ChicagoExclusive: Schmigadoon star Jaime Camil teases a darker season 2, inspired by Chicago, Cabaret & SweeneyTodd: 'Keegan & Cecily's characters miss Schmigadoon... Then they realize when they actually go back, 'Oh, shoot. This is not Schmigadoon.'' 😶🌫️
Read more »