This Bitcoin Miner Could Thrive If Prices Crash Again

This Bitcoin Miner Could Thrive If Prices Crash Again


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https://www.barrons.com/articles/bitcoin-miner-riot-blockchain-crypto-price-51660692656

This Bitcoin Miner Could Thrive If Prices Crash Again

By

Aug. 18, 2022 12:30 am ET

The crypto crisis may have passed, but

Bitcoin

mining investors would do well to remember its lessons. The big one? When Bitcoin prices crash, costs are king.

Crypto mining companies have seen their stocks soar in the past month. Even after slumping on Wednesday, shares of

Riot Blockchain

(ticker: RIOT) are up 34% since July 18.

Marathon

Digital Holdings (MARA) is up 58%, while

Core Scientific

(CORZ) is up 71%. That compares to a 11.6% rise for the

S&P 500

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This Bitcoin Miner Could Thrive If Prices Crash Again

The crypto crisis may have passed, but Bitcoin mining investors would do well to remember its lessons.

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