Bitcoin Mining Stocks Poised for Gains Ahead of 2024 Halving Despite Bankruptcies
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The upcoming Bitcoin halving in April 2024 will reduce mining rewards, doubling production costs for miners. Historically, halvings are bullish for Bitcoin price.
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Publicly traded Bitcoin mining companies like Marathon and Riot have large Bitcoin treasuries that could soar in value if new spot BTC ETFs launch in 2023-2024.
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Mining stocks provide more volatility than holding Bitcoin directly. Investors should balance mining exposure with BTC, funds like GBTC.
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Cost of production, debt levels, and energy contracts should be analyzed when comparing mining stocks. Nuclear-powered Terawulf and infrastructure play Applied Digital are worth watching.
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Bankrupt Core Scientific may relist in 2023 but its large debt and nonexistent BTC treasury remain issues.