Sunday, December 3, 2023

BTC Miners Want Low Electrical energy Prices, Sustainable Vitality Combine to Survive: JPMorgan



“Weak” miners, together with Core Scientific (CORZQ), Argo Blockchain (ARB) and Iris Vitality (IREN) have struggled to outlive as a result of a “mixture of falling bitcoin costs, rising debt servicing prices and rising electrical energy prices,” the analysts wrote. Miners with larger electrical energy prices have been dealing with losses as a result of falling bitcoin costs over the previous 12 months.

Source link

Read more

Local News