Public Bitcoin Miners Fight For Survival

The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazines premium markets newsletter. To be among the very first to receive these insights and other on-chain bitcoin market analysis directly to your inbox, subscribe now.Record Downward Difficulty Adjustment The mining industry continues to take a pounding as rising energy inflation, financial obligation problems and depressed bitcoin prices take their toll. Public bitcoin miners hash rate stays steadyFrom those who have actually offered regular monthly production updates so far, bitcoin holdings are largely rising from the greatest 3 treasuries across Riot, Marathon and Hut 8 accounting for 27,579 bitcoin. Bitcoin holdings are increasing from the largest mining companiesIn bitcoin terms, miners stock efficiency continues to fall this year when looking at year-to-date returns versus bitcoin efficiency.

To be amongst the first to get these insights and other on-chain bitcoin market analysis directly to your inbox, subscribe now.Record Downward Difficulty Adjustment The mining market continues to take a pounding as increasing energy inflation, financial obligation concerns and depressed bitcoin rates take their toll. Public bitcoin miners hash rate remains steadyFrom those who have actually offered regular monthly production updates so far, bitcoin holdings are largely rising from the greatest three treasuries across Riot, Marathon and Hut 8 accounting for 27,579 bitcoin. Bitcoin holdings are increasing from the biggest mining companiesIn bitcoin terms, miners stock performance continues to fall this year when looking at year-to-date returns versus bitcoin performance.