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Why Bitcoin May Speed Up the Transition to Renewable Energy
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NEW YORK, May 27, 2021 /PRNewswire/ Earlier this year, Tesla was one of the first major corporations to start accepting bitcoin as payment. Yet, after only a few months, Tesla CEO Elon Musk said on Twitter that the Company has suspended vehicle purchases using the cryptocurrency due to concerns over rapidly increasing use of fossil fuels for bitcoin mining. This has caused the price of bitcoin, and other cryptocurrencies as well, to plummet. The saga continued this week, as Musk revealed that he has talked to North American Bitcoin miners, discussing their commitment to publish current and planned renewable usage. As a result, the price of bitcoin jumped about 4% Monday afternoon. ISW Holdings Inc. (OTC: ISWH), Bitfarms Ltd. (OTC: BFARF), Ault Global Holdings, Inc. (NYSE: DPW), Ozop Energy Solutions, Inc. (OTC: OZSC), Tesla, Inc. (NASDAQ: TSLA
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It is safe to say that not all Reddit penny stocks come with a stamp of approval from Wall Street. However, Synchronoss Technologies is a little different. Analysts give it a consensus strong buy rating and a 12-month price target of $7.63, according to
Tipranks. Considering current prices, that implies more than 130% of upside potential from here.
So, what exactly is Synchronoss?
Well, the company says its intellectual property is all about helping its customers improve relationships with
their customers. SNCR’s platforms help create new revenue, reduce the cost of growth and help drive higher engagement levels. For instance,
Press release content from Business Wire. The AP news staff was not involved in its creation.
Ault Global Holdings to Resume Bitcoin Mining at Energy Efficient Facility With 1,000 S19 Pro Antminers From Bitmain
February 1, 2021 GMT
Ault Global Holdings, Inc. (NYSE American: DPW) (the “
Company ”) announced today that Alliance Cloud Services, LLC, a majority-owned subsidiary of its wholly-owned subsidiary, Ault Alliance, Inc., closed on the acquisition of a 617,000 square foot energy-efficient facility located on a 34.5 acre site in southern Michigan (the
“Facility” ). The Company will resume bitcoin mining at the location through the acquisition of 1,000 new S19 Pro Antminers from Bitmain, Inc. The Company believes the purchase of the Facility secures up to 300MWs of critical power capacity under a perennial energy abatement agreement with guaranteed pricing at relatively low energy rates for the next five years. Securing a low-cost source of energy is a critical compo