Bitcoin mining firms stockpile crypto amid industry transformation โ๏ธ๐ช; The BNPL Shakeout: Sezzle's struggles signal industry consolidation ๐๐; Corporate Bitcoin adoption is gaining momentum ๐๐ช
FinTech is Eating the World, 8 January
Hey Everyone,
Good morning & happy Thursday! Todayโs issue is packed with developments in the digital asset space as weโre going to look into Bitcoin mining firms that are now stockpiling crypto (what this tells us & what can we expect next), the recent struggles at Sezzle which signal industry consolidation (what itโs all about, what this means for the future of FinTech + bonus read with deep dives into top FinTech stocks from 2024), and corporate Bitcoin adoption thatโs now gaining momentum (why it matters & whatโs next). So letโs just jump straight into the exciting stuff ๐ถ๏ธ
Bitcoin mining firms stockpile crypto amid industry transformation โ๏ธ๐ช
The news ๐๏ธ US Bitcoin mining companies are adapting their strategies in response to mounting pressures and are accumulating substantial cryptocurrency reserves while navigating challenges from energy costs, competition, and the emergence of AI computing demands.
Letโs take a quick look at this and see why it matters.