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Here's the Tweet by the author of the report which kicks off the Twitter thread where the report was first shared:

As the public miners keep raising equity to navigate the bear market, it seems like everything #Bitcoin mining investors talk about these days is share dilution.

Which public miners have diluted their shareholders the most in 2022?

https://i.postimg.cc/X7CSjbCg/image.png

https://twitter.com/JMellerud/status/1582385739236401155 [Nitter]