Bitcoin mining industry outpaces the gains of bitcoin itself
With the price of bitcoin up 64% year-to-date, valuations for Bitcoin mining industry companies have more than doubled.
Cryptocurrency news by Protos · Protos
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Show Notes
The bitcoin mining industry has suffered a bear market lasting over a year. Miners lost the vast majority of their market capitalizations, resulting in companies seeking alternative sources of income, like taking subsidies for modulating municipal power grids, monetizing flared gas, or wholesaling stranded energy contracts.
Nonetheless, this year’s 64% rally in bitcoin has certainly buoyed mining stocks. The bull is back. Listen to this article to find out why.
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