Tag Archives: Elon Musk

Why Did Tesla Sell Almost All Its Bitcoins?

In early 2021, Tesla Corporation invested $1.5 billion in bitcoin; at the time, the cryptocurrency was worth about $44,000. A year and a half later when bitcoin’s capitalization had roughly halved, it became known that Tesla had almost withdrawn from the asset. According to the company’s latest report, as of …

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How Much Power Does A Bitcoin Mining Rig Use?

Bitcoin is a digital currency maintained by a global network of computers that strive to keep the Bitcoin blockchain, a public log of all transactions ever completed on the network, up to date. By lawfully documenting and confirming transactions, bitcoin miners compete for a reward which is 6.23 Bitcoins currently. …

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