In today’s briefing:
- Good Morning Japan – Wed Gridlock Rally
- Crypto Mining Industry Series: Looking For Bright Spots As The Darkest Months Ahead
Good Morning Japan – Wed Gridlock Rally
- Good Morning Japan: A detailed look at the overnight news and market moves that will impact the trading day in Japan
- OVERNIGHT: Gridlock rally continues.. Materials and tech leading. Brief interruptions from a mini-crypto crash. All good now. but we look to inflation numbers
- IN JAPAN: All good – Govt approves stimulus of ¥29trn; USDJPY stabilizing as market turns bullish yen; Strong earnings from Sumco; Positive semi initiation in European with positive JP read
Crypto Mining Industry Series: Looking For Bright Spots As The Darkest Months Ahead
- Bitcoin mining companies continue to suffer from crypto winter’s market conditions: substantial drop in mining rig prices, low cryptocurrency prices, heightened volatility, and unprofitable mining operations.
- We are looking for bright spots and believe Marathon Digital Holdings and Riot Blockchain will survive the crypto winter with the opportunity to win market share in the coming years.
- Our analysis suggests all-in-breakeven costs (miner costs+power costs+OpEx) of the most efficient BTC mining companies to mine a BTC close to the current BTC price of ~$20,000.
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