bullish
Crypto Mining Industry Series: Time To Focus On Efficient Crypto Miners
412 Views25 Jul 2022 06:22
SUMMARY
- During the last three months, the crypto market has lost ~$2 trillion in value and slightly recovered in July when BTC bulls could hold a $20K price level.
- Bitcoin mining economics changed dramatically, and depressed BTC prices forced inefficient miners out of the market. Some BTC mining companies started to sell Bitcoins to cover OpEx and CapEx.
- We remain bullish on Marathon Digital Holdings (MARA US) and upgrade Riot Blockchain (RIOT US) and Cipher Mining (CIFR US) to Overweight on favorable risk-reward post-recent sell-off.
Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
- Unlock all research summaries
- Follow top, independent analysts
- Receive personalised alerts and emails
- Access Briefings, Analytics, and Events
Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.
Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.
or
Already have an account? Sign In Now
Discussions
(Paid Plans Only)
Rising
Andrei Zakharov
Covering IPOs, Healthcare and Technology Stocks
- Crypto Mining Industry Series: Time To Focus On Efficient Crypto Miners25 Jul 2022
- Crypto Mining Industry Series: Let The Crypto Miners Rush Begin30 Apr 2022
x