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[–] 3 points 1 year ago (2 children)

I don't believe this is necessarily true. Miners like Riot Blockchain are operating at a loss and other people are stealing electricity.

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  • [–] 3 points 1 year ago (1 child)

    Miners like Riot Blockchain are operating at a loss

    I'm not a finance wizard, but I peeked at their last SEC filing, and first 3 quarters of 2024 they posted a 35m operating loss, but added almost 900m worth of assets to their balance sheet (mostly Bitcoin), which to me tells a very different story

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