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🚨 NDVA surged 43%. This AI Chipmaker Could Be Next See Analysis

Quantum Blockchain Technologies publishes in-depth report on public bitcoin mining companies

Cryptocurrency
Published Mar 22, 2023 07:27 Updated Mar 22, 2023 07:40
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Proactive Investors - Quantum Blockchain Technologies PLC (LON:QBTQ), the AIM-listed cryptocurrency mining technology company, said it has published a research report on the financial performance of the world’s leading publicly-traded Bitcoin mining businesses.

Titled BTC 2022 Mining Industry: Main Listed Miners, the report’s key findings detail a surprising inverse relationship during 2022 between the Bitcoin price and the technical difficulty of mining successfully. As the price of Bitcoin fell, it became more difficult and expensive for miners to participate in the industry.

The report dissects various performance metrics of the nine largest publicly-traded Bitcoin mining companies and also ranks them on their 2022 mining output, considering factors such as:

  • Electricity usage
  • EBIT and EBITDA
  • Mining efficiency
  • The ratio between Bitcoins mined and sold for liquidity purposes

Bitcoin is the largest cryptocurrency in the world, yet It lost nearly 65% of its market value in 2022.

For Quantum Blockchain Technologies, the research underpinning this report is part of the company’s fundamental analysis to discern important economic drivers of today’s Bitcoin mining industry.

Quantum Blockchain sees significant opportunities for new technologies, including those being developed at the company, to improve the operational performance and financial return of Bitcoin mining hardware.

Read more on Proactive Investors UK

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Quantum Blockchain Technologies publishes in-depth report on public bitcoin mining companies
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Comments (2)
Sawera Fakhar
Sawera Fakhar Mar 22, 2023 8:32
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cloud mining services and hash buying rate is ridiculous by these companies.
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Saki Kalasaki
Saki Kalasaki Mar 22, 2023 8:18
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