Nevertheless, it isn’t all doom and gloom. With weaker miners squeezed out, the survivors are set to thrive, in accordance with Chris Brendler, an analyst at Wall Road funding financial institution DA Davidson. “Miners with increased energy prices, much less environment friendly operations, and/or leverage have underperformed whereas the strongest positioned are set to thrive because the “crypto winter” is already squeezing out deprived gamers,” mentioned Brendler.

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