OKEx Mining Pool Flatlines After 99.5% Hash Power Drop as Withdrawal Suspensions Spook Clients
The pool's hash power has dropped from 5,000 to barely 20 PH/s.
Luxor Technologies will use the funds to expand its hashrate and hire more engineers.
Miners earned an estimated $692 million last month.
Ethereum is migrating to proof-of-stake, but miners still see profit in proof-of-work.
Mining revenue has reached its highest mark since early August 2019.
Shares of the mining company surged to $6.60 Friday.