Connect with us

Techcrunch

Extra Crunch roundup: Metromile CEO interview, Oscar Health’s IPO plans, our 2-year anniversary, more – TechCrunch

I’m very proud of the work we’re doing here at Extra Crunch, so it gives me great pleasure to announce that today is our second anniversary.

Published

on

I’m very proud of the work we’re doing here at Extra Crunch, so it gives me great pleasure to announce that today is our second anniversary.

Thanks to hard work from the entire TechCrunch team, authoritative guest contributors and a very engaged reader base, we’ve tripled our membership in the last 12 months.

As Extra Crunch enters its third year, we’re putting our foot on the gas in 2021 so we can bring you more:

Full Extra Crunch articles are only available to members
Use discount code ECFriday to save 20% off a one- or two-year subscription

To be completely honest: Eric and I wavered about posting this announcement. Both of us would prefer to show the results of our work than make a list of future-looking statements, so I’ll sum up:

I’m proud of the work we’re doing because people around the world use the information they find on Extra Crunch to build and grow companies. That’s big!

Thanks very much for reading Extra Crunch; have a great weekend.

Walter Thompson
Senior Editor, TechCrunch
@yourprotagonist

Extra Crunch turns two second anniversary image: a cake with two candles and the EC logo

Image Credits: Bryce Durbin

Will ride-hailing profits ever come?

Before the pandemic began, I took about seven or eight hailed rides each month. Since I began physically distancing from others to stem the spread of the coronavirus in March 2020, I’ve taken exactly 10 hailed rides.

Your mileage may vary, but last year, Uber and Lyft both reported steep revenue losses as travelers hunkered down at home. Today, Alex Wilhelm says both transportation platforms plan to reach adjusted profitability by Q4 2021.

He unpacked the numbers “to see if what the two companies are dangling in front of investors is worth desiring.” Since he usually doesn’t focus on publicly traded stocks, I asked Alex why he focused on Uber and Lyft today.

“Utter confusion,” he replied.

“Investors have bid up their stocks like the two companies are crushing the game, instead of playing a game with their numbers to reach some sort of profit in the future,” Alex explained. “The stock market makes no sense, but this is one of the weirder things.”

TechCrunch’s favorites from Techstars’ Boston, Chicago and workforce accelerators

In the theater, a “four-hander” is a play that was written for four actors.

Today, I’m appropriating the term to describe this roundup by Greg Kumparak, Natasha Mascarenhas, Alex Wilhelm and Jonathan Shieber that recaps their favorite startups from Techstars accelerators.

The quartet selected four startups each from Chicago, Boston and Techstars Workplace Development.

“As always, these are just our favorites, but don’t just take our word for it. Dig into the pitches yourself, as there’s never a bad time to check out some super-early-stage startups.”

As more insurtech offerings loom, CEO Dan Preston discusses Metromile’s SPAC-led debut

Neoinsurance company Metromile began trading publicly this week after it combined with a special purpose acquisition company.

Metromile will likely be one of 2021’s many SPAC-led debuts, so Alex interviewed CEO Dan Preston to learn more about the process and what he learned along the way.

A notable takeaway: “Preston said SPACs are designed for a specific class of company; namely those that want or need to share a bit more story when they go public.”

Adtech and martech VCs see big opportunities in privacy and compliance

Senior Writer Anthony Ha and Extra Crunch Managing Editor Eric Eldon surveyed three investors who back adtech and martech startups to learn more about what they’re looking for and whether deal flow has recovered at this point in the pandemic:

  • Eric Franchi, partner, MathCapital
  • Scott Friend, partner, Bain Capital Ventures
  • Christine Tsai, CEO and founding partner, 500 Startups

Commercializing deep tech startups: A practical guide for founders and investors

I have a hard time envisioning all of the hurdles deep tech founders must overcome before they can land their first paying customer.

How do you sustainably scale a company that probably doesn’t have revenue and isn’t likely to for the foreseeable future? How big is the TAM for an unproven product in a marketplace that’s still taking shape?

Vin Lingathoti, a partner at Cambridge Innovation Capital, says entrepreneurs operating in this space face a unique set of challenges when it comes to managing growth and risk.

“Often these founders with Ph.D.s and postdocs find it hard to accept their weaknesses, especially in nontechnical areas such as marketing, sales, HR, etc.,” says Lingathoti.

How will investors value Metromile and Oscar Health?

This week, auto insurance startup Metromile completed its combination with SPAC INSU Acquisition Corp. II.

Last Friday, health insurance company Oscar Health announced its plans to launch an initial public offering.

As the saying goes: Past performance is no guarantee of future results, but using 2020 debuts by neoinsurance firms Lemonade and Root as a reference point, Alex says the IPO window is wide open for other players in the space.

“All the companies in our group are pretty good at adding customers to their businesses,” he found.

Dear Sophie: How can I improve our startup’s international recruiting?

lone figure at entrance to maze hedge that has an American flag at the center

Image Credits: Bryce Durbin/TechCrunch

Dear Sophie:

We’ve been having a tough time filling vacant engineering and other positions at our company and are planning to make a more concerted effort to recruit internationally.

Do you have suggestions for attracting workers from abroad?

— Proactive in Pacifica

5 creator economy VCs see startup opportunities in monetization, discovery and much more

The people who produce viral TikTok duets, in-demand Substack newsletters and popular YouTube channels are doing what they love. And the money is following them.

Many of these emerging stars have become media personalities with full-fledged production and distribution teams, giving rise to what one investor described as “the enterprise layer of the creator economy.”

More VCs are backing startups that help these digital creators monetize, produce, analyze and distribute content.

Natasha Mascarenhas and Alex Wilhelm interviewed five of them to learn more about the opportunities they’re tracking in 2021:

  • Benjamin Grubbs, founder, Next10 Ventures
  • Li Jin, founder, Atelier Ventures
  • Brian O’Malley, general partner, Forerunner Ventures
  • Eze Vidra, managing partner, Remagine Ventures
  • Josh Constine, principal, SignalFire

Are SAFEs obscuring today’s seed volume?

Simple agreements for future equity are an increasingly popular way for startups to raise funds quickly, but “they don’t generate the same paperwork exhaust,” Alex Wilhelm noted this week.

This creates cognitive dissonance: Investors see a hot market, while people who rely on public data (like journalists) get a different picture.

“SAFEs have effectively pushed a lot of public signal regarding seed deals, and even smaller rounds, underground,” says Alex.

Container security acquisitions increase as companies accelerate shift to cloud

Data generated image of CPU in space.

Image Credits: Andriy Onufriyenko / Getty Images

Many enterprise companies were snapping up container security startups before the pandemic began, but the pace has picked up, reports Ron Miller.

The growing number of companies going cloud-native is creating security challenges; the containers that package microservices must be correctly configured and secured, which can get complicated quickly.

“The acquisitions we are seeing now are filling gaps in the portfolio of security capabilities offered by the larger companies,” says Yoav Leitersdorf, managing partner at YL Ventures.

Two $50M-ish ARR companies talk growth and plans for the coming quarters

illustration of money raining down

Image Credits: Bryce Durbin / TechCrunch

In December 2019, Alex Wilhelm began reporting on startups that had reached the $100M ARR mark. A year later, he decided to reframe his focus.

“Mostly what we managed was to collect a bucket of companies that were about to go public,” he said.

Since then, he has recalibrated his sights. In the latest entry of a new series focusing on “$50M-ish” companies, he studies SimpleNexus, which offers digital mortgage software, and photo-editing service PicsArt.

Alex has more interviews and data dives coming on other companies in this cohort, so stay tuned.

With a higher IPO valuation, is Bumble aiming for Match.com’s revenue multiple?

Dating platform Bumble initially set a price of $28 to $30 for its upcoming IPO, but at its new range of $37 to $39, Alex calculated that it could reach a max valuation of $7.4 billion to $7.8 billion.

Extrapolating revenue from its Q3 2020 numbers, he attempted to find the company’s run rate to see if it’s overpriced — and how well it stacks up against rival Match.

Oscar Health’s IPO filing will test the venture-backed insurance model

Mario Schlosser (Oscar Health) at TechCrunch Disrupt NY 2017

Jon Shieber and Alex Wilhelm co-bylined a story about Oscar Health, which filed to go public last week.

Although the health insurance company claims 529,000 members and a compound annual growth rate of 59%, “it’s a deeply unprofitable enterprise,” they found.

Jon and Alex parsed Oscar Health’s 2019 comps and its 2020 metrics to take a closer look at the company’s performance.

“Both Oscar and the high-profile SPAC for Clover Medical will prove to be a test for the venture capital industry’s faith in their ability to disrupt traditional healthcare companies,” they write.

SoftBank and the late-stage venture capital J-curve

Managing Editor Danny Crichton filed a column about Softbank’s Vision Fund that tried to answer a question he asked in 2017: “What does a return profile look like at such a late stage of investment?”

Softbank’s recent earnings report shows that its $680 million bet on DoorDash paid off handsomely, bringing back $9 billion. Compared to its competition, “the fund is actually doing quite decent right now,” he wrote. But Softbank has invested $66 billion in 74 unexited 74 companies that are worth $65.2 billion today.

“SoftBank quietly chopped half of the performance fees for its VC managers, from $5B to $2.5B, which led us to ask: are the best investments in the fund already in SoftBank’s rearview mirror? One upshot: WeWork seems to have turned something of a corner, with some improvements in its debt profile portending more positive news post-COVID-19.”

Source: https://techcrunch.com/2021/02/12/extra-crunch-roundup-metromile-ceo-interview-oscar-healths-ipo-plans-our-2-year-anniversary-more/

extra-crunch-roundup:-metromile-ceo-interview,-oscar-health’s-ipo-plans,-our-2-year-anniversary,-more-–-techcrunch

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Techcrunch

Golden Gate Ventures forecasts a record number of exits in Southeast Asia – TechCrunch

Despite the pandemic’s economic impact, Southeast Asia’s startup ecosystem has proven to be very resilient. In fact, a new report from investment firm Golden Gate Ventures predicts a record number of exits will happen in the region over the next couple of years, thanks to factors like a maturing ecosystem, more secondary buyers and the […]

Published

on

Despite the pandemic’s economic impact, Southeast Asia’s startup ecosystem has proven to be very resilient. In fact, a new report from investment firm Golden Gate Ventures predicts a record number of exits will happen in the region over the next couple of years, thanks to factors like a maturing ecosystem, more secondary buyers and the emergence of SPACs.

The firm’s comprehensive “Southeast Asia Exit Landscape Report 2.0,” is a followup to a previous report published in 2019.

Here are some highlights from the latest report, along with additional insight from Golden Gate Ventures partner Michael Lints, its lead author. For both reports, Golden Gate Ventures partnered with business school INSEAD to survey general and limited partners in the region. It also draws on Golden Gate Ventures’ proprietary database, which dates back to 2012 and tracks information like the time between funding rounds and fundraising success rates, as well as public databases, reports and expert commentary from the New York Stock Exchange.

The overall exit landscape

Despite the pandemic’s economic impact, tech proved to be resilient globally (for example, there were a number of initial public offers in the United States at record prices). While Southeast Asia’s tech ecosystem is relatively younger, Lints told TechCrunch its resiliency was driven by companies founded years ago that suddenly saw an increase in demand for their services because of the pandemic.

“We’ve built infrastructure over the past eight to nine years, when it comes to e-commerce, logistics, some on the healthcare side as well, and when the pandemic happened, people were suddenly stuck at home,” Lints said. He added “If you look at the pickup for most of the e-commerce companies, they at least doubled their revenue. For last-mile logistics companies, they’ve increased their revenue. There was a lot of pickup on the digital healthcare side as well.”

While tech fared well compare to many other industries, one downside was that the COVID-19 pandemic caused overall global venture capital investment to decline. Southeast Asia’s startup ecosystem was not immune, and had less exits, but it still did relatively well, with $8.2 billion invested in 2020, according to a report by Cento Ventures and Tech In Asia.

It’s important to note that more than half of that funding was raised in very large rounds by unicorns like Grab, Go-jek and Traveloka, but Cento Ventures found there was also an increase in investments between $50 million to $100 million for other startups. These are usually Series B and C rounds, which Golden Gate Ventures says creates a strong pipeline for potential exits over the next three to four years.

“If you go back even just two years, the amount of B rounds that are happening now, I’ve never seen that number before. It’s a definite increase,” said Lints.

Investments are also continuing to flow into Southeast Asia. According to the report, there was $6 billion of funding in just the first quarter of 2021 (based on data from DealStreet Asia, PWC and Genesis Ventures), making it the strongest start to a year in the region’s history.

This bodes well for the possibility of mergers and acquisitions in 2021. The report found that there were less exits in 2019 and 2020 than in 2018, but not just because of the pandemic—many startups wanted to remain venture-backed for longer. Golden Gate Ventures expects M&A activity will pick up again. In 2021, it forecasts acquisition deals worth more than $30 million, large mergers and an increase in SPACs.

What’s in the pipeline

Golden Gate Ventures predicts that a total of 468 startup exits will happen between 2020 and 2022, compared to the 412 forecast in the previous edition of its report. This is due to more late-stage private equity investors, including secondary buyers, SPACs and a welcoming public market.

Lints said secondary buyers will include a mix of family offices, conglomerates and venture funds that want a higher allocation in a company or to pre-empt a forthcoming round.

“What I think is interesting is some of the later-stage funds, so private equity funds, and not only ones that are in Southeast Asia, but even foreign ones, are now looking to get a position in companies that they assume will be able to raise a Series D or Series E over the next few years. That’s something I haven’t seen before, it’s relatively new in the market,” he added.

Golden Gate Ventures expects M&A activity to continue being the main way Southeast Asian startups exit, potentially accounting for up to 80% of deals, followed by secondary sales (15%) and IPOs (5%).

In fact, there was a record number of M&A deals in 2020, despite the pandemic. Golden Gate Ventures estimates that 45 deals happened, especially in e-commerce, fintech, media, adtech and social networking, as larger companies acquired startups to grow their tech stacks.

More companies going public will create a cascading effect through Southeast Asia’s ecosystem. The report forecasts that companies like Gojek and Trax, who have already made several high-profile acquisitions, will continue buying startups if they list publicly and have more liquidity.

Series B and C deals

While there will be more exits, there are also more opportunities for companies to raise larger later-stage rounds to stay private, if they want to—a sign of Southeast Asia’s maturing ecosystem, said Lints.

As the pandemic unfolded in 2020, the number of pre-seed and seed deals fell. On the other hand, the report found that it became quicker for startups to raise Series B or C rounds, or less than 21 months on average.

“If you look at typical exits between 2015 to 2017, you could argue that some of those exits might have been too early because the company was still in a growth trajectory, but there was hardly any follow-on funding for them to expand to a new country, for instance, or build out a new product,” said Lints. “So their only revenue to raise money was to be acquired by a larger company so they could keep building the product.”

“I think now you’re able to raise that Series C round, which allows you to expand the company and stay private, as opposed to having to drive towards an exit,” he added. “I think that shows the maturity of the ecosystem now and, again, it’s a huge advantage because founders have these amazing things they want to build, and now actually have the capital to do so and to really try to compete, and that has definitely been a big change.”

Another good thing is that the increase in later-stage funding does not appear to be creating a pre-seed and seed funding gap. This is partly because early employees from mature companies that have raised massive rounds often branch out and become founders themselves. As they launch startups, they have the benefit of being familiar with how fundraising works and a network. For example, a significant number of alumni from Grab, Gojek and Lazada have gone on to found companies.

“They seem to be raising a lot faster, and I think the second thing that’s happening across the board is we’re seeing more scouts putting really early checks into companies,” said Lints. “My assumption is if you look at the Series A pipeline, which is still pretty long, that has to come from a large number of pre-seed and seed deals.”

Funds want to cash out

Another factor that may drive an increase in exits—especially M&A deals—are funds that have reached the point where they want to cash out. Golden Gate Ventures’ 2019 report forecast that the first batch of institutional venture funds launched in 2010 to 2012 will start reaching the end of their lifecycle in 2020. This means the general partners of these funds are exploring exit opportunities for their portfolios, leading to an increase in secondary and M&A deals.

This in turn will increase the number of secondary markets, which have typically been low in Southeast Asia. The original investors won’t necessarily push for portfolio companies to sell themselves, but instead look at secondary buyers who might be keen on mergers and M&A deals.

“The thing we’ve seen over the last 18 months is there’s been a larger pickup in the secondary markets, where later-stage investors, in some cases family-owned businesses or family offices, are looking to get access to deals that were started eight, nine or 10 years ago. You’ll see the cap tables of these companies change, and that does mean the founders will have different shareholders,” said Lints.

“These are typically for companies that are performing well, where you can foresee that they will be able to fundraise within the next 12 months. For the ones that are in a more difficult position, I think it’s going to be tricky,” he added. “When you have a portfolio of companies as a fund, that doesn’t necessarily mean that you can sell all 20 of them, so I think for some founders, the impact will be that they will need to make a decision to continue the business and buy back the shares their investors are holding, or are they going to liquidate the business or look for a trade sale.”

SPAC opportunities

The biggest SPAC news in Southeast Asia was Grab’s announcement it will go public in the United States following a $40 billion SPAC deal. Lints expects more Southeast Asian companies to take the SPAC route when going public. Not only does the process give them more flexibility, but for startups that want to list in the U.S., working with a SPAC can help them.

“My guess is with New York allowing direct listings, I think more and more people will shy away from the traditional IPO route and look at what is the fastest and most flexible way to list on a stock exchange. For Southeast Asia, listing has never been easy, so I think SPACs will definitely open the floodgates,” said Lints.

Barriers not only include regulatory filings, pre-IPO roadshows and high costs, but also “concern whether the international retail investor or public markets actually understand these companies in Southeast Asia,” he added. “If you have a very strong sponsor team that is running the SPAC, they can be super helpful in positioning the company, doing the marketing and getting interest from the market as well.”

Both the Singapore Exchange and Indonesian Stock Exchange are preparing to allow SPACs in an effort to attract more tech listings.

Lints said this will allow companies to consider a dual listing in Southeast Asia and the U.S. for larger returns. “A dual listing would be an amazing option and I think through the avenue of SPACs, that makes a lot of sense.”

While tech fared well compare to many other industries, one downside was that the COVID-19 pandemic caused overall global venture capital investment to decline. Southeast Asia’s startup ecosystem was not immune, and had less exits, but it still did relatively well, with $8.2 billion invested in 2020, according to a report by Cento Ventures and Tech In Asia.

Source: https://techcrunch.com/2021/06/15/golden-gate-ventures-forecasts-a-record-number-of-exits-in-southeast-asia/

golden-gate-ventures-forecasts-a-record-number-of-exits-in-southeast-asia-–-techcrunch

Continue Reading

Techcrunch

Jeff Bezos’ Blue Origin auctions off seat on first human spaceflight for $28M – TechCrunch

Blue Origin has its winning bidder for its first ever human spaceflight, and the winner will pay $28 million for the privilege of flying aboard the company’s debut private astronaut mission. The winning bid came in today during a live auction, which saw 7,600 registered bidders, from 159 countries compete for the spot. This was […]

Published

on

Blue Origin has its winning bidder for its first ever human spaceflight, and the winner will pay $28 million for the privilege of flying aboard the company’s debut private astronaut mission. The winning bid came in today during a live auction, which saw 7,600 registered bidders, from 159 countries compete for the spot.

This was the culmination of Blue Origin’s three part bidding process for the ticket, which included a blind auction first, followed by an open, asynchronous auction with the highest bid posted to the company’s website whenever it changed. This last live auction greatly ramped up the value of the winning bid, which was at just under $5 million prior to the event.

This first seat up for sale went for a lot more than what an actual, commercial spot is likely to cost on Blue Origin’s New Shepard capsule, which flies to suborbital space and only spends a few minutes there before returning to Earth. Estimates put the cost of a typical launch at someone under $1 million, likely closer to $500,000 or so. But this is the first, which is obviously a special distinction, and it’s also a trip that will allow the winning bidder to pretty much literally rub elbows with Blue Origin founder Jeff Bezos, who is going to be on the flight as well, along with his brother Mark, and a fourth passenger that Blue Origin says it will be announcing sometime in the coming “weeks,” ahead of the July 20 target flight date.

As for who won the auction, we’ll also have to wait to find that out, since the winner’s identity is also going to be “released in the weeks following” the end of today’s live bidding. And in case you thought that $28 million might represent a big revenue windfall for Blue Origin, which has spent years developing its human spaceflight capability, think again: The company is donating it to its Club for the Future non-profit foundation, which is focused on encouraging kids to pursue careers in STEM in a long-term bid to help Bezos’ larger goals of making humanity a spacefaring civilization.

You can re-watch the entire live bidding portion of the auction via the stream below.

As for who won the auction, we’ll also have to wait to find that out, since the winner’s identity is also going to be “released in the weeks following” the end of today’s live bidding. And in case you thought that $28 million might represent a big revenue windfall for Blue Origin, which has spent years developing its human spaceflight capability, think again: The company is donating it to its Club for the Future non-profit foundation, which is focused on encouraging kids to pursue careers in STEM in a long-term bid to help Bezos’ larger goals of making humanity a spacefaring civilization.

Source: https://techcrunch.com/2021/06/12/jeff-bezos-blue-origin-auctions-off-seat-on-first-human-spaceflight-for-28m/

jeff-bezos’-blue-origin-auctions-off-seat-on-first-human-spaceflight-for-$28m-–-techcrunch

Continue Reading

Techcrunch

UBS investment makes Byju’s the most valuable startup in India – TechCrunch

Edtech giant Byju’s has become the most valuable startup in India after raising about $350 million in a new tranche of investment from UBS Group and Zoom founder Eric Yuan, Blackstone and others that valued the Bangalore-based firm at $16.5 billion (post-money). In a new filing, Byju’s revealed that scores of investors including Abu Dhabi […]

Published

on

Edtech giant Byju’s has become the most valuable startup in India after raising about $350 million in a new tranche of investment from UBS Group and Zoom founder Eric Yuan, Blackstone and others that valued the Bangalore-based firm at $16.5 billion (post-money).

In a new filing, Byju’s revealed that scores of investors including Abu Dhabi government fund ADQ and Phoenix Rising had together invested about $350 million in the startup. The new valuation helps Byju’s surpass Paytm, which was last valued at $16 billion, for the crown position in the Indian startup ecosystem. (Paytm is currently working on exploring the public markets and eyeing to raise as much as $3 billion and eyeing a valuation of up to $30 billion.)

The new tranche of investment is part of a larger round that Byju’s kickstarted earlier this year and is looking to secure over $1.5 billion. Some of its recent investors also include B Capital Group and hedge fund XN. The startup was valued at $11 billion late last year, and $5.75 billion in July 2019.

The startup plans to use the fresh capital, in part, to acquire more startups. Byju’s, which acquired Indian physical coaching institute Aakash for nearly $1 billion earlier this year, is conducting due diligence to buy and online learning startup Toppr and has also engaged with U.S.-based Epic, TechCrunch reported earlier this year.

Byju’s prepares students pursuing undergraduate and graduate-level courses, and in recent years it has also expanded its catalog to serve all school-going students. Tutors on the Byju’s app tackle complex subjects using real-life objects such as pizza and cake.

The pandemic, which prompted New Delhi to enforce a months-long nationwide lockdown and close schools, accelerated its growth, and those of several other online learning startups including Unacademy and Vedantu.

As of early this year, Byju’s said it had amassed over 80 million users, 5.5 million of whom are paying subscribers. Byju’s, which is profitable, generated revenue of over $100 million in the U.S. last year, Deborah Quazzo, managing partner of GSV Ventures (which has backed the Indian startup), said at a session in March held by Indian venture fund Blume Ventures.

The startup executives said at a UBS event earlier this year that Byju’s current revenue run rate is $800 million, a figure they expect will reach $1 billion in the next 12-15 months. It has also accelerated its international expansion plans in recent months.

Source: https://techcrunch.com/2021/06/12/ubs-investment-makes-byjus-the-most-valuable-startup-in-india/

ubs-investment-makes-byju’s-the-most-valuable-startup-in-india-–-techcrunch

Continue Reading

Title

CNBC1 hour ago

Oracle guidance misses expectations, stock drops

Oracle reported better-than-expected results and showed accelerating growth compared with the immediate impact of the coronavirus last year.

Ventureburn15 hours ago

Wayja releases SA’s first peer-to-peer betting app

Wayja launches its cashless peer-to-peer betting app, available on the Wayja site and on all major app stores by December...

ZDNET20 hours ago

Apple releases emergency update for older iPhones and iPads

If you're running iOS 12, this is an update for you.

Crunchbase23 hours ago

Macrometa Locks Down $20M To Be The Amazon Prime Of Edge Computing

Palo Alto, California-based edge compute company Macrometa closed a $20 million Series A less than eight months after announcing its...

Cointelegraph1 day ago

Crypto miners eye cheap power in Texas, but fears aired over impact on the grid

Can Texas meet the electricity demands of migrating Chinese Bitcoin miners?

Coinpedia2 days ago

Bitcoin Cash Price Prediction, Will BCH Hit Incredible Surges At $1000?

According to Coinpedia's formulated Bitcoin Cash price prediction, the coin's price may strike a maximum of $1417.33 by the year...

Blockchain news2 days ago

US Space Force Makes its Foray into the NFT Metaverse

The United States Space Force is launching an NFT series named after Neil Armstrong.

Reuters2 days ago

EXCLUSIVE Galp to hold off on LNG investment until Mozambique ensures security

Portugal's Galp Energia (GALP.LS), a partner in an Exxon Mobil-led gas consortium in Mozambique, will not invest in onshore plants...

Techcrunch2 days ago

Golden Gate Ventures forecasts a record number of exits in Southeast Asia – TechCrunch

Despite the pandemic’s economic impact, Southeast Asia’s startup ecosystem has proven to be very resilient. In fact, a new report...

Bioengineer2 days ago

Physical activity reduces cardiovascular risk in rheumatic patients

People with diseases such as rheumatoid arthritis and lupus are more likely to have heart attacks, angina, and strokes. A

Review

    Select language

    Trending