Musk reaffirmed his belief that cryptocurrency has a “promising future” but that it “cannot come at great cost to the environment”, in his Twitter post.
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As Bitfury is building new mining centers around the world and is preparing for a funding round, the top will be remodeled. The company achieved a $ 1 billion valuation in the 2018 funding round, which could exceed this time. Equivalent sizes and sizes, Peers Genesis and Core Scientific, were recently valued at $ 3.5 billion and $ 4.3 billion, respectively.
Cryptocurrency is a good investment if you want to gain direct exposure to the demand for digital currency, while a safer but potentially less lucrative alternative is to buy the stocks of companies with exposure to cryptocurrencies.