Bitcoin mining sector expects stability amid decrease in bankruptcies

In an interview with Bloomberg on April 3, Hut 8 CEO Asher Genoot projected a notable decline in Bitcoin mining firms filing for bankruptcy in the coming years. Genoot attributed the high bankruptcy rates of 2022 to overleveraging and unpreparedness for escalating energy costs. Genoot highlighted that the surge in bankruptcies among mining firms in […] source: https://www.cryptopolitan.com/bitcoin-mining-sector-expects-stability/