It seems that they also bet on the hypetrain lasting longer. They are now trying... | Hacker News

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		Strom on July 26, 2022 \| parent \| context \| favorite \| on: Helium has revenues of $6.5k/month after $365M inv... It seems that they also bet on the hypetrain lasting longer. They are now trying to cancel some of their TSMC orders. [1] They'll probably end up with a juicy profit overall anyway, but perhaps the more clear shovel sellers here are foundries like TSMC and Samsung. -- [1] https://videocardz.com/newz/nvidia-reportedly-wants-to-cut-t...

IgorPartola on July 26, 2022 [–]

Clear winner is energy companies who sell electricity to miners :(

xchaotic on July 26, 2022 | [–]

Investing into an illegally tapped coal power plant in Mongolia is about as safe an investment as investment in crypto itself.

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