Sentiment turns from bear to bull for Bitcoin miners in 2023
Dismal sentiment from 2022 is turning slightly positive for Bitcoin miners, with all publicly traded companies rallying this year.
Cryptocurrency news by Protos · Protos
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Show Notes
In the late 2022 depths of the bear market, sentiment for bitcoin miners was abysmal. Rig operators were suffering. Profits had evaporated. Equity valuations cratered.
Now that bitcoin is above $20,000, more miners are turning their rigs back on. The average hashrate devoted to bitcoin rose to over 272 quintillion calculations per second by January 23.
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