July 6, 2022, 10:11AM EDT
• 9 min read
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Quick Take
- Apart from declining profitability, mining companies are also bleeding on the equipment front as ASIC miner value depreciates.
- Meanwhile, the hefty remaining equipment payables have started to cause some companies to step back from previous expansion plans.
- Mining companies’ spendings on property, plant and equipment have already slowed down over 22’Q1 compared to 21’Q4.
- In this piece, we take a further look at the current state of the bitcoin ASIC miner marketplace.
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