On the 7th (local time), NiceHash and Digital Mining
Citing a report from Solutions, publicly traded mining companies are aligning their strategies with MicroStrategy.
The report's authors, Nico Smid and Cindy
Geng said, "By 2024, many Bitcoin miners will be able to mine more Bitcoin.
According to the report, there are several reasons why miners are reluctant to sell bitcoin. These include:
, expectations of Bitcoin price growth, or an intention to strengthen their financial position. If they are following MicroStrategy's strategy, the Bitcoin reserves are
It may also be used as a hedge against a decline in value. MARA Holdings, Riot Platforms, Hut
8 is further strengthening this financial strategy by using borrowed funds to purchase additional Bitcoin.
Additionally, mining companies like CleanSpark have chosen to hold onto most of the bitcoins they mine in recent months.
According to the report, four of the top 16 companies by Bitcoin holdings are miners. In 2024, some miners will be able to generate predictable revenue streams and mitigate the volatility of the mining industry.
To mitigate these risks, the company has focused on diversifying into the high performance computing (HPC) and artificial intelligence (AI) sectors in addition to its traditional mining operations.
This trend is especially evident in the United States, where reports suggest that the struggling mining economy and the lucrative AI/HPC business have led miners to diversify into other computing sectors.
the report states.
2025/01/08 17:32 KST
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