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Smartkarma Research: Crypto mining industry series: Time to focus on efficient crypto miners

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Key TakeawayBitcoin’s price dropped ~50% year-to-date and has since bottomed in the lows ~$18Ks, a ~75% drawdown from BTC’s all-time high in 2021.

We had seen a massive wave of margin calls when investors, crypto mining companies, banks, and hedge funds were forced to liquidate positions in cryptocurrencies while the crypto market has lost ~$2 trillion in value for the last three months.

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