Marathon Digital Holdings, Inc. (NASDAQ:NASDAQ:MARA) Q2 2022 Earnings Conference Call August 8, 2022 16:30 ET Company Participants Charlie Schumacher - Vice President of Corporate.
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Several public BTC miners are well-positioned to survive the prolonged bear market as the low revenue continues to sustain the operational costs of the mining facilities.
Bitcoin miners have been forced to tap into their cryptocurrency stashes as a plunge in prices, rising energy costs and increased competition bite into profitability. The number of coins miners are sending to crypto exchanges has been steadily climbing since June 7, researchers at MacroHive noted, in a sign that "miners have been increasingly liquidating their coins on exchanges." Several.