However, we see this as Bitcoin and Ethereum, their importance because the miners that do have larger treasuries have already investment portfolios.
This inevitably led to higher costs for hosting providers than they were earning from their customers as energy prices started to rise in the second half of the year. Especially in a low interest rate regime, businesses have the opportunity to secure cheaper financing, which encourages them to take on even more debt. The wide range is largely the result of various potential outcomes with respect to bitcoin price and hashprice.
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