The Current State Of Bitcoin Mining Today

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Public Miner Equities Versus Bitcoin

As for most risk-on assets, including bitcoin and public bitcoin mining equities, the drawdowns from all-time highs have been substantial. As bitcoin has fallen 41.20% from its November all-time high, the entire bitcoin mining industry has performed much worse, facing an average drawdown of 64.10%. Public bitcoin miner stocks have acted as additional investment vehicles for indirect bitcoin exposure with opportunity for outperforming bitcoin over the last few years — at least until the market shifted in November 2021.

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