Home Markets A bear market survival strategy for crypto miners; Bitcoin and Ether prices remain unchanged

A bear market survival strategy for crypto miners; Bitcoin and Ether prices remain unchanged

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A bear market survival strategy for crypto miners;  Bitcoin and Ether prices remain unchanged

Another bitcoin miner, Mawson Infrastructure (MIGI), said it generated $1.8 million in unaudited revenue by engaging in similar types of strategy as Riot. “When energy prices are low, Mawson engages in bitcoin mining and generates revenue by selling self-mined bitcoins daily, as it has done since its inception,” the miner said in a statement. . statement. “When energy prices are high and when they are available, Mawson engages in Energy Demand Response Programsreceiving revenue and reducing overall energy costs,” he added.

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