SBI decides to withdraw crypto mining completely from Russia - page 2.

The conflicts between Russia and Ukraine have brought with them quite a delicate controversy for mining companies, many of which have chosen to withdraw from Russia to avoid any mishap, but doing so brought with it significant losses. SBI Holdings was one of these companies that decided to partially stop mining operations just at the moment when the conflict between these two nations began. This fact caused them to lose approximately “2400 million yen”. Furthermore, according to data extracted from the “BTC.com” blockchain:

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SBI Crypto mining hash rate plummeted around 40% from 5,600 petahashes per second (PH/S) in mid-February to 3,300 PH/S on August 18, 2022.

Despite the fact that this country was one of the largest cryptominers in the world, circumstances have led them to decide to withdraw completely from Russia. Could the SBI present losses again? Taking into account the current situation of bitcoin mining, could withstand the blow?

Source: https://cointelegraph.com/news/sbi-lost-40-of-hash-rate-after-stopping-mining-in-russia-data

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