Kaching! Kaspa (KAS) Climbs 18% As Bitcoin Mining Heavyweight Goes All In

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Kaching! Kaspa (KAS) Climbs 18% As Bitcoin Mining Heavyweight Goes All In - NewsBTC

Quick Summary:

Adam Swick, Marathon’s Chief Growth Officer, emphasized the strategic importance of this move: “By mining Kaspa, we’re establishing a revenue stream separate from Bitcoin, one that directly aligns with our expertise in digital asset computing.” Swick added that the organization’s existing infrastructure, strong relationships with hardware manufacturers, and a robust financial reserve positions them “perfectly to mine Kaspa and capitalize on the high margins it offers.” Is This The Dawn Of A New Era For Kaspa?

Analyst Foresees 1,500% Price Increase Marathon Makes A Move Into The Kaspaverse On Wednesday, June 26th, Marathon Digital, a behemoth in Bitcoin mining, sent ripples through the crypto market by revealing they had begun mining Kaspa.

KAS Price Action With a market size of $4.3 billion as of the time of publication, the price of Kaspa was trading at $0.1799, placing it in the top 25 cryptocurrencies. Additionally, Kaspa’s daily trade volume has increased by over 130% to $140 million.