The last three years have demonstrated to us that bitcoin mining is not a reliable way to grow shareholders' bitcoin per share. We’ll shift to data centers instead.
During the 2021 bull run, mining was seen as a better way to accumulate bitcoin at a discounted price, but that changed drastically after the recent crypto winter.
Indeed, nine of the 10 largest publicly listed bitcoin mining companies hold less bitcoin per share today than they did three years ago. Cathedra has not fared better.
With the approval of ETFs and the halving, mining has become even more competitive, prompting firms like Cathedra to reconsider their strategies to accumulate bitcoin.
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