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Crypto Hyperscalers are Uplifted by Musk’s Bitcoin Energy Consumption Worries

Crypto Hyperscalers are Uplifted by Musk’s Bitcoin Energy Consumption Worries

The case for high transaction throughput and speed: Elon Musk, CEO of electric car company Tesla, shook cryptocurrency prices when he tweeted that Tesla will no longer be accepting bitcoin as payment until mining becomes more environmentally-friendly.

What’s odd about Musk’s pronouncement is that the environmental concerns he brought up hark back years before he even put Bitcoin on the Tesla balance sheet. Crypto miners move to countries with less stringent environmental regulation and cheap power, making countries like


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