Report: Amid pullback, Argentine Bitcoin miners thriving

Cointelegraph

Published May 31, 2021 12:45PM ET

Updated Jun 01, 2021 02:40PM ET

While the broader crypto market suffers through a painful slump, a new report on Monday indicates that Bitcoin (BTC) miners in Argentina are thriving as they take advantage of convoluted energy policies.

A report from Bloomberg that was republished in the Buenos Aires Times says that residential mining is picking up due to a mix of factors, including currency controls, energy subsidies and rampant inflation.

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