Argo, Stronghold, and Bit Digital reported larger realized hashrate decline in May than bitcoin's network average
Also updating the price-hash ratio of mining pubcos
But numbers for Q2 will likely be much lower
Difficulty goes down by 6% amid hashrate shutoff
Upcoming difficulty adjustment is set to ease the network competition by about 6.2%
A total of $90 Million was evaded in taxes, the regulator claims.
It's not the first time mining stocks have lagged behind bitcoin’s return to ATH
Retiring about 800 PH/s of hashrate
CleanSpark, Iris Energy, HIVE raised $210M+ since New Year
Bitcoin's hashprice could be cut to less than $45/PH/s after April
Expect further equity financing to fund hashrate growth
40k BTC for the first time since May 2022