January 27, 2023

That is an opinion editorial by Zack Voell, a bitcoin mining and markets researcher.

Bitcoin miners usually endure the brunt of bear market woes due to a few of the business’s highest capital expenditures, smallest margins and most unreliable infrastructure. Though the present bearish section has been one in every of Bitcoin’s shallowest drawdowns, miners have suffered greater than ever.

Layoffs, bankruptcies, lawsuits and different adverse press have battered one in every of Bitcoin’s most outstanding sectors. However each bear market ultimately finds a backside — the ache climaxes and issues slowly start to get well. Quite a lot of knowledge counsel mining has reached this level of its market cycle, which may supply…

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