TD₿: 2021: Bitcoin Mining's Big Year by Karim Helmy and Brandon Bailey
TL;DR By going public, mining companies have better access to cheap capital which provides them the ability to maintain their operations.
Hey Bitcoiners,
The rise of publicly listed Bitcoin mining companies is one of the big stories of 2021.
At the start of 2021, there were only 2 bitcoin mining companies listed on the NASDAQ. By the end of the year, there were 16 bitcoin mining companies listed!
Going public offers a lot of benefits for miners:
It gives them access to cheap capital to continue to maintain their operations
It reduces the barriers for investors of all kinds to invest in them
It entrenches them in the broader stock market making the industry more resilient to regulatory attacks
There was some great data concerning the rise of public miners in this report from Brandon Bailey and Karim Helmy titled 2021: Bitcoin Mining’s Big Year ( 01/12/22).
Bitcoin mining companies continuing to go public is a huge signal to the rest of the market that Bitcoin isn’t going anywhere.
Tick tock next block,
Cory Klippsten
Sign up for Swan and receive $10 in free bitcoin today.
Quote of the Day
“Bitcoin will lead to more energy production. More energy means more wealth, productivity, and civilizational advancement.” - Robert Breedlove, Host of the “What is Money?” Show
Meme of the Day
(h/t @CedYoungelman)