{"id":22125,"date":"2023-07-07T10:02:54","date_gmt":"2023-07-07T10:02:54","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-mining-stocks-overcome-2022-setback-doubling-in-value\/"},"modified":"2023-07-07T10:02:54","modified_gmt":"2023-07-07T10:02:54","slug":"bitcoin-mining-stocks-overcome-2022-setback-doubling-in-value","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-mining-stocks-overcome-2022-setback-doubling-in-value\/","title":{"rendered":"Bitcoin Mining Stocks Overcome 2022 Setback, Doubling in Value"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
\n<\/p>\n

\n

In an impressive turnaround, U.S. listed Bitcoin mining<\/a> stocks have seen more than a two-fold increase this year, reports Bernstein, a brokerage firm. The boost comes on the heels of 2022\u2019s devastating cryptocurrency crash, setting a narrative of resilience and recovery.<\/p>\n

The surge in value is attributed to two primary drivers, according to Bernstein\u2019s research report. Initially, the steady rise in Bitcoin<\/a>\u2018s price, bolstered by a positive shift in sentiment following institutional ETF filings from heavyweights like Blackrock and Fidelity, played a significant role. Moreover, some Bitcoin miners have begun exploring high-performance computing and artificial intelligence (AI) sectors, a move described as a \u201crevenue diversification strategy.\u201d<\/p>\n

\n
\n
\n
\n
\n
5BTC or 111% + 111 Free Spins!<\/strong> <\/p>\n

New players only. Exclusive 111% Welcome Bonus + 111 Free Spins in Aztec Magic Deluxe <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

\u201cThis is a unique game of survival where the best-in-class miners with low costs and conservative debt profiles can survive, consolidate capacity and market share, to earn hyper-normal profits when bitcoin prices exceed the cost of production,\u201d wrote the team of analysts led by Gautam Chhugani.<\/p>\n

Survival of the Fittest: Bitcoin Miners Navigate Market Challenges<\/h2>\n

However, the volatility of the crypto market isn\u2019t forgiving to all. Bernstein points out that miners burdened by high debts fail to weather \u201ccrypto winters,\u201d resulting in their downfall. The recent bankruptcy of Core Scientific (CORZQ) was cited as an example.<\/p>\n

The research report indicates that the first wave of market consolidation has concluded, with the surviving miners now expanding capacity in preparation for the anticipated Bitcoin halving<\/a>. This event, which reduces mining rewards by 50%, typically propels the BTC price upwards<\/a>. The next such episode is projected around April 2024.<\/p>\n

\n
\n
\n
\n
\n
350% or 5BTC + 150 Spins!<\/strong><\/strong> <\/p>\n

New players only. Exclusive Welcome Bonus – 350% bonus on your first deposit up to 5BTC <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n

Source link <\/a>
\n
<\/p>\n","protected":false},"excerpt":{"rendered":"

(Originally posted on : Crypto News – iGaming.org ) In an impressive turnaround, U.S. listed Bitcoin mining stocks have seen more than a two-fold increase this year, reports Bernstein, a brokerage firm. The boost comes on the heels of 2022\u2019s devastating cryptocurrency crash, setting a narrative of resilience and recovery. The surge in value is […]<\/p>\n","protected":false},"author":5,"featured_media":22126,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22125"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=22125"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22125\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/22126"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=22125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=22125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=22125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}