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Seagate and Western Digital Shares Take Off as Crypto ‘Farmers’ Snap Up Drives

Seagate and Western Digital Shares Take Off as Crypto ‘Farmers’ Snap Up Drives

Shares of the disk-drive makers and Western Digital soared Friday amid reports of skyrocketing demand for high-capacity drives used to create Chia, a new cryptocurrency started by Bram Cohen, the creator of the file-download standard BitTorrent. Reports about the impact Chia has been having on the disk-drive market have been circulating for weeks now.








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