Our cryptocurrency mining infrastructure has the highest petahash to megawatt ratio of all publicly traded companies on the market.
When transactions are made on a blockchain network, they get grouped into clusters called blocks to await validation from the network. Mining is the process of verifying blocks of transactions and adding them to the blockchain. The validation process involves solving an incredibly complex mathematical problem – hence why so much computing power is required to mine. Once the problem is solved, the miner responsible for validating the new block is awarded Bitcoin for their effort.
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