BTC Miners Need Low Electricity Costs, Sustainable Energy Mix to Survive: JPMorgan

“Susceptible” miners, together with Core Scientific (CORZQ), Argo Blockchain (ARB) and Iris Vitality (IREN) have struggled to outlive as a result of a “mixture of falling bitcoin costs, rising debt servicing prices and rising electrical energy prices,” the analysts wrote. Miners with greater electrical energy prices have been dealing with losses as a result of falling bitcoin costs over the previous yr.