Upside As Bitcoin Miners Lose $14 Billion – Bitcoin Magazine

Public mining companies enter the final quarter of 2022 battered and bruised after nine months of bear market brutality. At the end of the third quarter, the total market values ​​of all U.S.-listed mining companies fell more than $14 billion since the beginning of the year, according to data compiled by YCharts. Whether the end of the year will offer a respite for these companies is very much an open question, as the headwinds of macroeconomic tumult seem unabated in the face of historic inflation and central bankers desperate for quick financial fixes. This article reviews the downward trend in the share prices of public mining companies as the final quarter of the year begins.

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