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Most public bitcoin miners have racked up losses in their lifetimesarcane.no/research/most-public-bitcoin-miners-have-racked-up-losses-in-their-lifetimes
50 sats \ 1 comment \ @BTCMiner 29 Sep 2022 bitcoin
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0 sats \ 0 replies \ @BTCMiner OP 29 Sep 2022
The download of the report from Arcane requires login via either Apple ID or a Google account.
Here's the Tweet by the author which kicked off the Twitter thread where this report was shared:
Retained earnings is an accounting term showing a company's accumulated net income in its lifetime.
Most public #bitcoin miners have retained earnings deeply in the negative, revealing that they have lost money over the years.
https://i.postimg.cc/3w5Y2FLf/image.jpg
https://twitter.com/JMellerud/status/1575123465673244673 [Nitter]
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