Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Same reason why they are not an investment bank investing in stocks, or building skyscrapers in Dubai.

It's not their business. They've built over the many years, a very defensible business out of expertise (and IP). That expertise is unique and resilient to the whims of a speculative investor hive-mind.

More practically, they just wouldn't be able to compete. Against companies that build ASICs specifically for mining, the tech they have, while is viable for the small-time gamer-miner demographic, does not have good returns on a larger economies of scale.



Consider applying for YC's Summer 2026 batch! Applications are open till May 4

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: