Part 10/12:
Some companies, like Core Scientific and Hive, have managed zero dilution, partly by alternative financing or operational strategies, which could give them a strategic advantage.
Strategic Takeaways and Future Outlook
The analysis emphasizes two key themes:
The current bear market and rising costs make survival challenging; liquidity and balance sheet management are critical.
Heavy investment now in hash rate expansion suggests miners are positioning themselves for a potential recovery, betting on a bullish Bitcoin cycle in the next couple of years.