WSJ - “In China, it’s always been the thinking that the government will crack down,” said Nishant Sharma, founding partner at advisory firm BlocksBridge Consulting Ltd. Still, he said: “I’m seeing so much panic.”...
“That’s the problem with having a majority of the hashrate in any one country—not just China, but anywhere,” says cryptocurrency consultant Nishant Sharma, founder of BlocksBridge Consulting....
Nishant Sharma, founder of BlocksBridge, said: "With bitcoin mining hashprice at record lows, companies must either diversify into non-crypto revenue streams like [artificial intelligence or high-performance computing] or double down on bitcoin to capture investor excitement around an anticipated crypto bull market, similar to MicroStrategy’s...
Experts at BlocksBridge Consulting said that cryptocurrency mining was on the verge of profitability for market participants without access to cheap electricity. Even after recovering the Bitcoin price, the hashrate barely exceeded $40 per PH/s....
BlocksBridge's Nishant Sharma told Decrypt: “Soon after Bitcoin’s halving, Stronghold Digital expressed its intention to sell ‘all or part of the company’ during its Q1 disclosure, noting that no timeline had been set for this. It seemed only a matter of time before another company,...
BlocksBridge founder Nishant Sharma noted the best positioned companies in the segments (on a pure mining basis) are those with a low hash cost and a high hash rate realization rate....
Miner hashprice, a metric that gauges mining profit margins, has fallen below $36 petahash per second (PH/s) — a record low according to a recent Blockbridge report....
Nishant Sharma told Decrypt: “The Difficulty is forcing them to either diversify into new revenue streams or double down on Bitcoin in hopes of a bull market...
BlocksBridge Consulting founder Nishant Sharma noted that the two companies mined a combined 676 BTC in April, behind only Marathon Digital, Core Scientific and CleanSpark....
According to BlocksBridge Consulting, “less than $500 million of investment was poured into subscribing major public mining stocks” as of May 15....
Blockworks - According to BlocksBridge Consulting, companies made $1.2 billion in commitments for mining machines in the first 11 months of last year....
According to BlocksBridge Consulting, a dozen bitcoin miners had purchased roughly $1.2 billion worth of machines in 2023, as of early December....
