There Is Potential For More Capitulation From Bitcoin Miners

To be amongst the first to receive these insights and other on-chain bitcoin market analysis directly to your inbox, subscribe now.Latest Public Miner Developments After composing on the capacity for public miner capitulation and covering Core Scientifics possible bankruptcy route, theres been a wave of miner statements and advancements that show industry-wide risks taking more shape. Public miners throughout the board continue to heavily underperform bitcoin in year-to-date performance. Lots of major miners are still preserving their HODL techniques and bitcoin balances, strong miners will tap into those holdings for development opportunities or moneying operations when absolutely required. TeraWulf, another bitcoin miner down 92.38% year-to-date, runs a reasonably high debt-to-equity ratio compared to other miners (86%) and has $120 million in financial obligation to begin being paid back in spring 2023 at an 11.5% interest rate. Its most likely we move to a world where there are only a couple of significant bitcoin miner giants with a handful of much smaller miners behind them.

To be amongst the very first to receive these insights and other on-chain bitcoin market analysis directly to your inbox, subscribe now.Latest Public Miner Developments After composing on the capacity for public miner capitulation and covering Core Scientifics possible bankruptcy path, theres been a wave of miner statements and developments that reveal industry-wide risks taking more shape. Numerous significant miners are still maintaining their HODL techniques and bitcoin balances, strong miners will tap into those holdings for growth opportunities or funding operations when definitely needed. TeraWulf, another bitcoin miner down 92.38% year-to-date, runs a fairly high debt-to-equity ratio compared to other miners (86%) and has $120 million in financial obligation to begin being paid back in spring 2023 at an 11.5% interest rate.