, 2022-05-24 18:30:00,
The below is a full, free article from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.
The purpose of this release in specific will be twofold; the first will be to update readers on the latest updates for publicly-traded miner hash rate, production, and bitcoin holdings. The second will be to present a framework for how to approach investing in bitcoin miners, with a focus on the publicly-traded sector in particular.
Public Miners Hash Rate Update
With the end of the month near, we will have another round of public miner production updates for all of May 2022 in a couple weeks. With the latest monthly production releases, April 2022 was yet another month of growing hash rate and held bitcoin, despite a slightly lower production month. The group of public miners we’re tracking below now make up roughly 18% of total network hash rate using their April numbers of 37.91 EH/s and the latest decline in total network hashrate to 209.91 EH/s.
Bitcoin holdings across miners are now up to 46,132 bitcoin worth over $1.3 billion at a $29,000 price. That’s roughly a 7% monthly increase when including miners with reported data for both March and April. All of this data is pre bitcoin’s market fall from $40,000 so the next month of data updates will be key to see if top public miners are scaling down their bitcoin holdings or hash rate in response.
Investing in Public Bitcoin Miners
Investing in publicly-traded bitcoin…
To read the original article, go to Click here