Done: Pifò Bitcoin Konpayi min yo te pèdi lajan pandan ane yo

By Bitcoinist - 1 year ago - Reading Time: 2 minutes
Mèkredi 28 septanm 2022 7:00 PM

Done: Pifò Bitcoin Konpayi min yo te pèdi lajan pandan ane yo

Data shows most of the public Bitcoin mining companies have been accumulating losses during their lifetimes.

Dapre dènye rapò chak semèn nan Esoteric rechèch, out of the public miners in the red, Core Scientific has especially large losses of $1.3 billion.

The relevant concept here is of “retained earnings,” which is a measure of any firm’s total accumulated net income during its entire lifespan.

When this metric has a negative value, it means the company in question has incurred a net loss over its lifetime.

Here is a chart that shows the data for the retained earnings of the largest public Bitcoin min konpayi yo:

As you can see in the above graph, the retained earnings of almost all the public Bitcoin mining companies have been negative.

This means that over their lifetime, these firms have been racking up some net amount of loss. Nwayo Syantifik is the deepest into the red, with the miner’s losses amounting to more than $1.3 billion.

Riot and Marathon are the next most underwater mining firms, but they both still managed to keep their losses to less than half of Core’s.

Argo is the only public miner that has retained earnings greater than zero as it has accumulated modest profits of about $26 million over its lifespan.

The report notes several reasons behind the poor performance of these companies. First, these firms have been spending very excessively on administration-related costs compared to other industries like gold mining.

The second factor is that the Bitcoin investments of these miners didn’t turn out favorable. Under the bear market pressure, they had to sell off their reserves to de-risk and avoid liquidation.

And finally, the highly profitable bull run of 2021 led to the mining companies overexpanding their facilities. The record profits of last year were gone as soon as the bear hit, leaving miners with an abundance of facilities that have been producing much lesser revenues.

Nan moman sa a ekri, Bitcoinpri a flote alantou $ 19.3k, desann 1% nan semèn pase a. Pandan mwa ki sot pase a, kript la te pèdi 3% nan valè.

Tablo ki anba a montre tandans pri pyès monnen an pandan senk dènye jou yo.

Sous orijinal: Bitcoinse