Rabbit Hole Recap #232: Merry Christmas!
Rabbit Hole Recap
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Is There a Bankruptcy Proceeding in the Mining Industry?
Mining industry, chaos continues. You had people blocked by was giving out a lot of loans. There's still this like crazy tangled debt sheet. So much counterparty risk. And it's just a long tangled look. A lot of bankruptcy is right now. I think core side deciding to continue mining through their bankruptcy proceedings is an interesting data point to hone in on because that's been the question. What happens? Do they force these miners to unplug, put their ASICs in a warehouse and then decide what happens with those assets as the bankruptcy proceedings. Continue or do they try and keep them plugged in and produce revenue and figure that out while all the stuff was plugged in?"
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