The cryptocurrency Industry is facing profit squeezes, and USA mining companies are "making ends meet".
It is estimated that in the third quarter of last year, the Average Cost of producing Bitcoin for all miners listed in the USA was $55,950 per coin, a 13% increase from the previous quarter, with an Average Cost of $106,000 including depreciation and stock-based compensation costs. Bitcoin is currently priced at $101,439.1. This means that if the price of Bitcoin does not rise, it may lead to many miners shutting down their machines or going bankrupt.
Bitcoin Rallies Above 100k – Are the Bulls Back in Control?
Truist Financial Downgrades Datadog(DDOG.US) to Hold Rating, Cuts Target Price to $150
Truist Downgrades Datadog to Hold From Buy, Cuts Price Target to $150 From $170
XRP and Other Cryptos Are Rising. Bitcoin Price Broke Through $100,000 -- Again
Datadog Price Target Raised to $170.00/Share From $155.00 by Jefferies
