Even the Most Successful Bitcoin Miners on Wall Street Cannot Remain Profitable Despite the Increasing Hashrate
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Wall Street-listed Bitcoin miners have delivered disappointing results to their shareholders. Third-quarter figures indicate notable revenue and operational growth, but losses persist. Wall Street Bitcoin miners are scaling up operations in spite of unpredictable conditions in the cryptocurrency markets. They reported net losses even with revenue increases in the third quarter. Marathon Digital Holdings, once recognized as the largest publicly traded Bitcoin miner by market share (NASDAQ: MARA), has been rebranded as Digital Holdings Inc. Capitalization…
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