Bitcoin Mining Is About Get Tougher With Difficulty Primed for Another Sharp Rise

However, it’s not all doom and gloom. With weaker miners squeezed out, the survivors are set to thrive, according to Chris Brendler, an analyst at Wall Street investment bank DA Davidson. “Miners with higher power costs, less efficient operations, and/or leverage have underperformed while the strongest positioned are set to thrive as the “crypto winter” is already squeezing out disadvantaged players,” said Brendler.

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