Listed Canadian Firm Hello Pal Buys Dogecoin, Litecoin Mining Startup for $3.5M
The company says it's the first listed company to have a dogecoin mining arm.
The report by Allied Market Research projects a compound annual growth rate of 12.8% from 2021 to 2030.
Bitmain is scheduled to deliver 600 miners on a monthly basis, with the first delivery starting next month.
The Bitcoin blockchain's mining difficulty increased by 13%, but industry experts say operators are still looking at fat profits ahead.
The technical charts suggest further downside is likely as sellers react to extreme overbought conditions since March.
Some analysts expect limited upside in bitcoin despite the possibility of a brief bounce.