The real estate and properties transactions valued at 4.9 billion in total during the week ending 18 February 2021. The sum of transactions was 1,277.
HeTH Data Centers, a Canada-based crypto mining pool, today announced the purchase and immediate hashing of 1640 next-generation Innosilicon A10 Pro 7G Ethash Miners, which boast an operating hash power of 1.23 Terahash per second. Other additions include 1800 GPU-based mining rigs, which are a mixture of AMD Radeon RX 5600-XT and RX5700-XT, along with Nvidia GeForce RTX 3060 Ti and RTX 3070 that boast an operating hashrate of 605 Gigahash per second.
Khurram Shroff, the Chairman of Dubai’s IBC Group, a noted Arab Whale, and the poster child of Blockchain technology in the Middle East and Asia, has pledged 100,000 Bitcoin (current value of USD $4.8 Billion) to setup the Miami 2.0 Blockchain Strategy Foundation and many other related Joint Venture Projects. Mr. Shroff’s backing of Miami 2.0 Blockchain Strategy could turbo-charge use of the cryptocurrency, which is estimated to transact USD $200 Billion per day, by the end of 2021.
With fiscal stimulus and deficit spending to remain integral in global macroeconomics, coupled with yield curve control and vaccine rollouts accelerating the evolution of a ‘new normal’, the investment landscape in 2021 may reflect a continuation of the reflation/momentum trade, albeit at increased volatility.