Part 5/12:
Looking at year-to-date performance, it is evident that Bitcoin as an asset has outperformed the miners themselves. While some miners like Marathon have experienced less downward movement, others like Core Scientific and Argo are significantly down, reflecting financial strain.
Despite these setbacks, Bitcoin’s price remains more resilient than individual mining stocks—a critical point indicating potential upside if market conditions improve.
Mining Dynamics: Hash Rate, Difficulty, and Revenue
The global hash rate is approaching an all-time high of roughly 35.6 trillion hashes per second. This increase signifies aggressive expansion by miners, who are investing heavily to scale operations ahead of the next Bitcoin bull run.