Difficulty goes down by 6% amid hashrate shutoff
Bitcoin is outperforming all mining stocks so far this year.
Charting the recent insider transactions of U.S. public mining stocks
Bitdeer's stock is down 18% year-to-date, underperforming that of bitcoin
Six public mining companies have raised over $1 billion in Q1 so far
Core bought 2.52 EH/s of Bitmain's S21 miners in October for $20/TH/s
CleanSpark, Iris Energy, HIVE raised $210M+ since New Year
Expect further equity financing to fund hashrate growth
Mining stocks recover from recent sell-off, eyeing new yearly highs.
Bitcoin's daily production benchmark dropped to an all-time low below 2 BTC/EH/s in January.
Ten-folded From $76M to $775M
Since the New Year, bitcoin mining firms have continued doubling down on miner purchases while securing options to lock in cheaper prices