MINING UPDATE

Today’s Take

• New York state recently placed a ban on Bitcoin mining with a two-year moratorium on the practice (regulatory risk)

• Hashrate is currently high, making it hard to mine Bitcoin profitably

• Hive, Iris, BITF, and CLSK are the most consistent producing miners

• ARBK, BITF, CLSK, and IREN are the most capital-efficient miners

• HUT, MARA, and BITF will bec…