"BTC rising + mining profit expansion," but what's most easily overlooked by the market is the energy cost—rising crude oil and natural gas prices directly eat into mining profit margins. The two narratives are directly opposed when energy prices are on the upswing. Widening credit spreads make it even tougher for miners reliant on financing for expansion.
$CleanSpark(CLSK.US) $Hut 8 Mining(HUT.US) $IREN(IREN.US) $Terawulf(WULF.US)
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