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Targon, subnet 4, recently raised $10.5M
Ram Sriram (Google), Tobias Lutke (Shopify) were investors.
Targon's subnet commands 2000 GPU's worth $92M.
Targon spends NOTHING on these. Rather, $TAO emissions compensates the GPU-donators.
This is EXACTLY what Bitcoin does.
It pays Bitcoin to those who donate CPU and electricity to the Bitcoin network.
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