Rabbit Hole Recap #232: Merry Christmas!
Rabbit Hole Recap
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ASIC Collateralized Loans
NIDIG basically took over a bunch of their hash and now Greenwich instead of hosting primarily running their own machines, now the majority of their hash is actually owned by NIDIG. And it's like NIDIG really had no option there. If they didn't agree to that deal, they would have had to try and take custody of a bunch of ASICs that they didn't know how to run. So they gave them like a basically a sweetheart deal because it was the only deal they can make where they basically take over the hash but it's still hosted by Greenwich.
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