Nonetheless, it isn’t all doom and gloom. With weaker miners squeezed out, the survivors are set to thrive, based on Chris Brendler, an analyst at Wall Avenue funding financial institution DA Davidson. “Miners with greater energy prices, much less environment friendly operations, and/or leverage have underperformed whereas the strongest positioned are set to thrive because the “crypto winter” is already squeezing out deprived gamers,” stated Brendler.
