The Last Trade E044: Bitcoin Mining’s Next Epoch with Bob Burnett
Onramp Media
Businesses must make profits whether in fiat or Bitcoin
Looking at the financial performance over the last few years of major mining companies like Riot, Marathon, and Clean Spark shows consistent losses, even during lucrative periods like 2021. These companies relied on capital leverage and the market's association with Bitcoin to stay afloat. However, the primary focus for any business should be generating profits, regardless of the currency, and these companies have not been successful in this aspect. The discussion around profitability versus fast decision-making has been ongoing, highlighting the importance of making sound and profitable business choices.
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