Is the Crypto-Mining Industry Struggling to Survive? 


Key Takeaways: 

Few Companies in bitcoin mining industry is struggling.  An analyst explains the key factors responsible for surviving in the industry. 

The Bitcoin mining industry has been the topic of controversy since its inception. Authorities and the public have repeatedly shown concerns related to the impact of the industry on the environment.  

However, recently a trend of the “survival of the fittest” has been seen in the crypto market. An analyst at Arcane Research, Jaran Mellerud, has shared his analysis using cash flows and balance sheets to describe the recent happenings in the crypto mining industry.  

In a Twitter thread, Jaran shares how the Bitcoin production cost has a significant impact on the operating cash flow of a miner. The crypto market is currently following a bearish trend and cash is the king. It determines when “a miner is forced to turn off machines.” The miners who have the most substantial cash flow will be able to pay expenses related to machine deliveries or debt payments as there has been a recent surge in prices due to inflation. 

Which public #bitcoin miners will be the winners and losers of the bear market? I analyzed their cash flows and balance sheets to find out. A thread

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