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Mining at the Margin: Publicly Traded Bitcoin Miners Are in Survival Mode
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Mining at the Margin: Publicly Traded Bitcoin Miners Are in Survival Mode

Let’s talk about something that mainstream financial media has been reluctant to say plainly: right now, with Bitcoin trading at just under $70,000 and the all-in cost to mine a single coin running between $60,000 and $80,000 depending on the operator, most publicly traded Bitcoin mining companies are either scraping by at break-even or quietly...

From Revolution to Casino Chip: How Wall Street Transformed Bitcoin Into Just Another Leveraged Gamble
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From Revolution to Casino Chip: How Wall Street Transformed Bitcoin Into Just Another Leveraged Gamble

An investigation into how the anti-establishment cryptocurrency became the very thing it was designed to oppose When Satoshi Nakamoto published the Bitcoin whitepaper in October 2008—weeks after Lehman Brothers collapsed and the global financial system teetered on the brink—the vision was clear: create a peer-to-peer electronic cash system that operated outside the control of central...