Is There a Consolidation?

I think there is a lot of consolidation too. It's more like it gets gobbled up. I know some miners that essentially just spent the last six months buying out smaller miners and aqua hiring Essentially the staff taking the gear taking the contracts. They're just going to see more consolidation. Everybody in the middle gets squeezed. We definitely see this right because when you look at miner balances they were increasing since 2019. When we had that first sell off basically January year to date things started going sideways. Then as we now get down below 20k this is when they're actually liquidating right selling like 8000 BTC over the last week. So there's certainly that top portion right the most inefficient

Transcript

Play full episode

Transcript

Episode notes

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!

Get the app