Energy Crunch
Way back when data centres became a pivotal force in managing market infrastructure and indeed broader finance as a whole. From here, the move from on-prem to off-prem was in a way fully complete by the time the digital revolution of crypto really gained steam, data centres were all the rage and the natural home for all manner of apps became the cloud.
With that has come some concomitant growing pains for all parties - including those who don’t even use the online data in the first place. Thus where the US stock markets occupy massive city centre real estate, their transactions are mostly in New Jersey data centres and indeed in the City of London, Essex is really the key place for moving the money…
However that leaves a quandary, Mahwah, the location nobody has ever heard of in New Jersey but which is the world’s largest hub of stock trading, is facing an acute upcoming energy shortage for the locals who want to run their aircon and heat / light their homes while the data centres grow exponentially.
This leads to a problem when it comes to Bitcoin…
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