Bitcoin Miners’ Stability Slides as FTX Collapse Weighs on Crypto

Bitcoin Miners’ Stability Slides as FTX Collapse Weighs on Crypto

by Jeremy

“Bitcoin mining firms have struggled this yr, with the autumn within the worth of the most important cryptocurrency and rising vitality costs (and working prices) resulting in a decline in income. Because of this, mining corporations have been closely promoting their underlying holdings, resulting in vital web outflows during the last six months,” knowledge supplier CryptoCompare stated within the October overview.

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