... redirected its GPU farms to cloud computing, mining other PoW coins, and providing data center services for AI after Ethereum transitioned to PoS. Bitfarms and CleanSpark focus on geographical diversification of their farms and utilizing cheap energy (in Canada, Argentina, the U.S.), regularly selling a portion of their production to fund expansion. Even traditional players in the energy sector and engineering giants are increasingly investing in mining by building joint data centers and providing excess ...

... partially reduced long-distance driving; furthermore, the prevalence of remote work and thrift mode lowered driver mileage. Secondly, gasoline supply has increased: American refineries are operating at very high capacity, and fuel imports from Europe and Canada have sharply increased on the East Coast. In June, the U.S. imported about 100,000 barrels of gasoline per day—the highest in over a year. Wholesale bases and storage are filled to the brim, leading to declining wholesale prices that then get ...

... driving; in addition, the widespread practice of remote working and cost-saving measures have reduced drivers’ mileage. Secondly, gasoline supply has risen: American refineries are operating at very high capacity, and fuel imports from Europe and Canada have sharply increased on the East Coast. In June, the U.S. imported around 100,000 barrels of gasoline per day – the highest level in over a year. Wholesale bases and storage facilities are full to capacity, leading to a decrease in wholesale ...

... number of long-distance car trips, while remote work popularity and cost-saving measures have lowered driver mileage. Secondly, gasoline supply has increased: American refineries are operating at high capacities, plus imports of fuel from Europe and Canada have surged on the East Coast. In June, the U.S. imported about 100,000 barrels of gasoline per day – a maximum over the past year. Wholesale bases and storage facilities are filled, leading to lower prices in bulk trade, which then trickle ...

... deterred drivers from long trips, while lifestyle changes (remote work, thrift) are reducing mileage. Second, gasoline supply has increased: American refineries are operating at high utilization rates, and additionally, fuel imports from Europe and Canada have surged to the east coast. In June, the US imported about 100,000 barrels of gasoline per day – a maximum in more than a year. Petroleum product inventories are filling up, and wholesale gasoline prices have decreased, which is also reflected ...