Iran Oil Shock May Hit Bitcoin Miners Through BTC Price

TLDR Analysts at Luxor Technology’s Hashrate Index said oil shocks linked to the Iran conflict affect miners more through BTC price volatility than energy costs. Brent crude rose above $100 per barrel after tanker disruptions in the Strait of Hormuz before easing near $90. Hashrate Index estimated that about 90% of global hashrate operates in [...]

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