‘Fractal Bitcoin’ could be a boon or bane for mining
LTV ratio at 65% and 68% for the two loans, respectively.
CleanSpark has been hodling almost the entirety of its mined bitcoin since January
Raised $365 million since Q2 and bought corporate jet for $10.8 million
MineOne sites previously halted by President Biden
Pure-play miners going Microstrategy route
Hashprice down to $46/PH/s following record difficulty
Transaction valued at $1.54 million per MW
Big fish are crowding out the competition
June production declined by 4.2% despite a lower network hashrate
Public miners boost capacity while network hashrate declines
Total enterprise value of the transaction is $155 million including payment and assumption of debt