Bitcoin Price Affects Miners Profitability – Bitcoin Magazine

Public bitcoin mining companies have been an unusually important element of the cryptocurrency market for the past couple of years as investors, media and regulators watch their financial growth and operational expansions. While the stock prices of nearly all of these companies significantly outperformed bitcoin during the market’s latest bullish trend, the opposite effect is clearly at play now as public miners try to weather the ongoing bearish cycle. In fact, none of these companies have managed to surpass bitcoin so far in 2022.

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