Galaxy Digital CEO Mike Novogratz reiterated his long-term belief in Bitcoin (BTC) and stated that the bear market is the best time to build new products.
Mike Novogratz has a recent twitter in your post, Galaxy DigitalBy quoting a post by your long-term belief in Bitcoin protected and bear market the right time to build stated that. The aforementioned share belonging to Galaxy Digital was recently published by Bitcoin miner. Slang BlockchainIt contained some details about the agreement, which almost saved the company from bankruptcy. Novogratz and Galaxy Digital yesterday Slang with A $100 million deal had provided.
Reiterating his belief in the mining industry, Novogratz said, building a decentralized future He stated that he thinks it is about expanding its mining capabilities and services. With this investment, Novogratz also aims to strengthen the interaction of the company with other mining companies and to create a “hostHe explained that he intends to act like ”.
In the continuation of the shares, Novogratz stated that he and his team have been in the mining industry since the first quarter of 2021. subcontractor stated as a service.
But it seems that the Novogratz front, which is not satisfied with this, is trying to improve its dominance in the sector. a different formula wants to show. In the continuation of his post, Novogratz detailed his opinion on this subject with the following statements:
Our thesis is simple: you get low cost electricity, you buy your ASIC machines cheap. This is a recipe for success in mining even when the hash rate rises.
acquired by Galaxy Digital and TexasState-provided and connected to the main grid in the region where the Argo Blockchain mining facility operating in access to a cheap and “unique” electricity service has the right. This aligns with Novogratz’s statements and reveals the potential for low-cost electricity to enable development in the long run.