bullish
Crypto Mining Industry Series: Looking For Bright Spots As The Darkest Months Ahead
659 Views08 Nov 2022 15:34
SUMMARY
- Bitcoin mining companies continue to suffer from crypto winter’s market conditions: substantial drop in mining rig prices, low cryptocurrency prices, heightened volatility, and unprofitable mining operations.
- We are looking for bright spots and believe Marathon Digital Holdings and Riot Blockchain will survive the crypto winter with the opportunity to win market share in the coming years.
- Our analysis suggests all-in-breakeven costs (miner costs+power costs+OpEx) of the most efficient BTC mining companies to mine a BTC close to the current BTC price of ~$20,000.
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Rising
Andrei Zakharov
Covering IPOs, Healthcare and Technology Stocks
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