The strategy many miners have used to manage treasuries up until this point has been relatively simple: buy and hold bitcoin. In other words, hope and pray. With price models often assuming an average of ~2% spot growth per month, and a price floor near the current average production cost between $18,000 and $22,000. Clearly those assumptions have not held true.
- Bitcoin Mining Companies Need to Better Manage Risk
Written by Bankerage Published on January 13, 2023