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Only Bitcoin Miners With Low Power Costs and High Sustainable Energy Mix Will Survive: JPMorgan

“Weak” miners, including Core Scientific (CORZQ), Argo Blockchain (ARB) and Iris Energy (IREN) have struggled to outlive due to a “combination of falling bitcoin prices, rising debt servicing costs and rising electricity costs,” the analysts composed. Miners with higher electricity costs have been facing losses due to falling bitcoin prices above the past year.

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