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A drop in Bitcoin mining cash flows, shares, but here’s the silver lining
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It should have been a fun-filled holiday season for Bitcoin miners and those investing in Bitcoin mining stocks. Especially based on how 2021 was going. However, it now seems that the holiday blues have set in.
A report by Arcane Research took a look at mining stocks, the cash flow for mining machines, and the profitability of Bitcoin mining to better understand the scene after Bitcoin’s price drop. Starting with share prices, the report noted,
“Since November 9th, Marathon is down 56%, while Riot Blockchain has decreased by 43%. The bitcoin price is only down by 32% in the same period – showing that mining companies are more volatile than the bitcoin price.”
As far as hardware is concerned, the report stated that while the Antminer S9 saw a
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