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home / news releases / HUT - Crypto Stocks: Hash Rate Collapse Is A Windfall For Bitcoin Miners -  We're Bullish

HUT - Crypto Stocks: Hash Rate Collapse Is A Windfall For Bitcoin Miners -  We're Bullish

Hut 8 Mining Corp.
  • The global bitcoin network hash rate has collapsed to a 1-year low following the latest China crackdown on crypto mining forcing production to go offline.
  • Bitcoin mining companies with operations outside of China benefit from a higher share of the network reward adding to current production capacity and implied revenues.
  • While the hash rate will likely normalize higher over time, setup is bullish for crypto stocks as a near-term windfall balancing out what have been weaker price trends.

For further details see:

Crypto Stocks: Hash Rate Collapse Is A Windfall For Bitcoin Miners -  We're Bullish
Stock Information
Company Name: Hut 8 Mining Corp.
Stock Symbol: HUT
Market: NASDAQ
Website: hut8mining.com
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