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A comment on Helium has revenues of $6.5k/month after $365M investment from A16Z. Parent comment

Re:Helium has revenues of $6.5k/month after $365M investment... by Someone on Tuesday July 26, 2022 @07:10AM (#32236745)
Nvidia and AMD sold quite a few GPUs to crypto miners.
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Re:Helium has revenues of $6.5k/month after $365M investment... by Strom on Tuesday July 26, 2022 @07:48AM (#32236999)
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.

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[1] https://videocardz.com/newz/nvidia-reportedly-wants-to-cut-t...

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Re:Helium has revenues of $6.5k/month after $365M investment... by IgorPartola on Tuesday July 26, 2022 @08:20AM (#32237289)
Clear winner is energy companies who sell electricity to miners :(
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Re:Helium has revenues of $6.5k/month after $365M investment... by xchaotic on Tuesday July 26, 2022 @10:09AM (#32238474)
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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