In today’s issue, Ben Harper from Luxor Technology provides an update on what’s happening with bitcoin mining this year.
Then, Colin Harper from Blockspace Media answers questions on the topic of mining and AI in Ask and Expert.
– Sarah Morton
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Bitcoin Mining Has Changed — It’s No Longer Just About the Price
The bitcoin mining investment thesis used to be simple — miners thrived when bitcoin’s price soared, and when it fell, they suffered. But in 2024, that equation changed. Bitcoin ETFs, hashrate markets and AI have fundamentally reshaped the industry, reducing miners’ dependence on bitcoin’s price. Here’s why mining is no longer just a bet on bitcoin, and what this means for investors.
2024: The Year Bitcoin Mining Diverged From Bitcoin’s Price
In 2023, Bitcoin mining stocks behaved like a high-beta proxy
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