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]