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esmeralda
@esmeralda
China’s Intchains scrambling to fill Dogecoin rig orders after Trump, Musk boost Intchains Group reported strong 2024 earnings, driven by surging Dogecoin mining demand following Donald Trump’s election victory. The company sold 2.68 million ASIC chips, an 84% YoY increase, with Q4 sales surging. Dogecoin’s price spiked from $0.15 to $0.47 after Trump appointed Elon Musk to lead the Department of Government Efficiency (DOGE). Due to high demand, some mining orders were delayed into Q1 2025. Intchains also launched profitable Aleo mining rigs, boosting expectations. Benchmark reiterated a "buy" rating on ICG with an $11 price target, while its stock traded at $3.79 per share.
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Never Mind 🎩.base.eth
@naimeh
Interesting! Thanks for sharing. 433 $DEGEN f0r you
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