Coinbase Says Miners’ Sales of Newly Minted Bitcoins Don’t Add Significant Market Pressure

Coinbase Says Miners’ Gross sales of Newly Minted Bitcoins Don’t Add Important Market Stress

In occasions of market upheaval and a falling bitcoin worth, margins compress throughout the board, and power extra miners to grow to be web sellers, the word mentioned. Given the value drop and the ensuing lack of profitability, the financing atmosphere for the mining business has “shifted materially” since late final yr, and elevating capital within the public markets has grow to be very tough, Coinbase mentioned.

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