9min chapter

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Bitcoin Park Open House: Bitcoin Mining - What to Expect in 2023

Citadel Dispatch

CHAPTER

Struggles in the Bitcoin Mining Industry

This chapter discusses the challenges faced by the bitcoin mining industry in 2022, including the explosion of hash rates, machine deliveries, and financing collapses. It also explores the struggles of Core Scientific, a mining company, due to debt, compressed margins, and rising power costs.

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