Gone case_老虎社区_美港股上老虎

2021-12-13

Gone case

Bitcoin Mining Stocks Are Getting Slammed. It Could Be Time to Buy.<blockquote>比特币矿业股遭受重创。可能是时候买入了。</blockquote>

免责声明：上述内容仅代表发帖人个人观点，不构成本平台的任何投资建议。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":604325590,"tweetId":"604325590","gmtCreate":1639353250232,"gmtModify":1639353250585,"author":{"id":3582366643541036,"idStr":"3582366643541036","authorId":3582366643541036,"authorIdStr":"3582366643541036","name":"Bonds","avatar":"https://static.tigerbbs.com/7927febac32666ca13d21b532f0ff6f6","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":36,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"","extraTitle":"","html":"<html><head></head><body>Gone case&nbsp;</body></html>","htmlText":"<html><head></head><body>Gone case&nbsp;</body></html>","text":"Gone case","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/604325590","repostId":1145658454,"repostType":2,"repost":{"id":"1145658454","kind":"news","pubTimestamp":1639095942,"share":"https://www.laohu8.com/m/news/1145658454?lang=zh_CN&edition=full","pubTime":"2021-12-10 08:25","market":"us","language":"en","title":"Bitcoin Mining Stocks Are Getting Slammed. It Could Be Time to Buy.<blockquote>比特币矿业股遭受重创。可能是时候买入了。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1145658454","media":"Barron's","summary":"Investors are punishing Bitcoinmining stocks as prices for the cryptocurrency continue to slide. Bit","content":" Investors are punishing Bitcoinmining stocks as prices for the cryptocurrency continue to slide. Bitcoin was trading down 4% on Thursday, at $48,300, and is down 14% over the past seven days.<blockquote>随着加密货币价格持续下滑，投资者正在惩罚比特币挖矿股票。比特币周四下跌 4%，至 48,300 美元，过去 7 天下跌 14%。</blockquote> The decline in Bitcoin is dragging down the broader crypto sector, hitting miners particularly hard. Marathon Digital Holdings(ticker: MARA), one of the largest miners, was off 11.5% on Thursday, at $41.28. Riot Blockchain(RIOT) was off 9.4%, at $26.58, while Stronghold Digital Mining(SDIG) was down 6.9%, at $16.97.<blockquote>比特币的下滑正在拖累更广泛的加密货币行业，对矿工的打击尤其严重。最大的矿商之一 Marathon Digital Holdings（股票代码：MARA）周四下跌 11.5%，至 41.28 美元。Riot Blockchain (RIOT) 下跌 9.4%，至 26.58 美元；Stronghold Digital Mining (SDIG) 下跌 6.9%，至 16.97 美元。</blockquote> Other factors are also pressuring crypto, including malaise in the broader tech sector as investors factor in new risks, including the spread of the Omicron coronavirus variant and tighter monetary policies from the Federal Reserve.<blockquote>其他因素也给加密货币带来压力，包括随着投资者考虑新风险（包括奥密克戎冠状病毒变种的传播和美联储收紧货币政策），更广泛的科技行业出现低迷。</blockquote> Miners essentially process transactions on the blockchain, earning or “minting” Bitcoin in return for each block they successfully validate.<blockquote>矿工基本上是在区块链上处理交易，赚取或 “铸造 ”比特币，作为他们成功验证的每个区块的回报。</blockquote> Barron’s recently wrote favorably about the sector, arguing the stocks looked like inexpensive bets on the crypto. The stocks have been weak as Bitcoin prices slid, reducing the value of mined coins.<blockquote>《巴伦周刊》最近对该行业进行了好评，认为这些股票看起来像是对加密货币的廉价押注。由于比特币价格下跌，降低了开采硬币的价值，股市一直疲软。</blockquote> The stocks have also come under pressure because it’s getting tougher to mine, or produce, Bitcoins, reducing the number and value of coins per miner. Mining difficulty resets every 2,016 blocks, roughly every two weeks, ensuring that 144 blocks are mined daily, producing 6.25 Bitcoins a day. The difficulty has been climbing since July and has taken several steps up since October.<blockquote>比特币的开采或生产变得越来越困难，导致每个矿工的比特币数量和价值减少，因此比特币股票也面临压力。挖矿难度每2016个区块重置一次，大约每两周一次，确保每天开采144个区块，每天生产6.25个比特币。自7月份以来，难度一直在攀升，自10月份以来又上升了几个台阶。</blockquote> The next reset is scheduled for Dec. 11. It could increase the difficulty rate by 6%, estimates D.A. Davidson analyst Christopher Brendler. That may make it harder for miners to meet Wall Street’s targets for coins produced in the quarter.<blockquote>下一次重置定于12月11日。地方检察官估计，这可能会使难度增加6%。戴维森分析师克里斯托弗·布伦德勒。这可能会使矿商更难达到华尔街对本季度硬币产量的目标。</blockquote> Indeed, some miners appear to be running well behind targets. Marathon mined 418 Bitcoins in October and 196 last month, for instance. To meet Brendler’s fourth-quarter forecast, the company would need to mine 1,112 coins in December, more than tripling production.<blockquote>事实上，一些矿工似乎远远落后于目标。例如，马拉松在10月份开采了418个比特币，上个月开采了196个。为了达到 Brendler 第四季度的预测，该公司需要在 12 月份开采 1112 枚硬币，产量将增加两倍多。</blockquote> Marathon is adding mining machines and expects to ramp up production sharply next year at new facilities in Texas. But Brendler doesn’t expect the company to produce more than 1,100 coins in December.<blockquote>马拉松正在增加采矿机械，并预计明年德克萨斯州新工厂的产量将大幅增加。但布伦德勒预计该公司 12 月份的硬币产量不会超过 1100 枚。</blockquote> Riot Blockchain, for its part, would have to mine 391 Bitcoins in December to meet Brendler’s fourth-quarter estimates, compared with 464 coins mined in October. Hut8 Mining (HUT), a Canadian miner, would have to mine 606 coins in December, more than double its November haul of 265 coins.<blockquote>Riot Blockchain 则必须在 12 月份开采 391 枚比特币，才能达到 Brendler 第四季度的预期，而 10 月份开采的比特币为 464 枚。加拿大矿商 Hut8 Mining (HUT) 将在 12 月份开采 606 枚硬币，是 11 月份 265 枚硬币的两倍多。</blockquote> “With mining difficulty going up, we’ll see pressure on December numbers,” says Brendler.<blockquote>“布伦德勒说：”随着采矿难度的增加，我们将看到 12 月份的数据面临压力。</blockquote> The price declines may represent a buying opportunity, though. Most miners can be quite profitable with Bitcoin at $50,000. The network’s hash rate, or computing power devoted to mining, typically declines a bit as prices weaken. The hash rate has been rising for months, but sustained weakness in Bitcoin prices could slow its growth.<blockquote>不过，价格下跌可能代表着买入机会。大多数矿工可以从50,000美元的比特币中获得相当大的利润。随着价格走软，网络的哈希率或用于挖掘的计算能力通常会略有下降。哈希率几个月来一直在上升，但比特币价格的持续疲软可能会减缓其增长。</blockquote> Another positive take, says Brendler, is that leverage may be washing out of Bitcoin as prices correct. Tougher tax rules on crypto are also coming, and traders may be liquidating positions ahead of new reporting requirements expected to take effect in 2022.<blockquote>布伦德勒表示，另一个积极因素是，随着价格的调整，杠杆可能会从比特币中消失。对加密货币更严格的税收规则也即将出台，交易者可能会在预计于 2022 年生效的新报告要求之前清算头寸。</blockquote> “With such strong underlying fundamentals, especially against the prospects for a sustained pandemic, we’re bullish on BTC here,” Brendler wrote in a note this week, referring to Bitcoin. “However, at current valuations, we see a materially better risk/reward in our mining stocks as there should be more upside in a BTC recovery.”<blockquote>“布伦德勒在本周的一份报告中提到比特币时写道：”在基本面如此强劲的情况下，尤其是在持续大流行病的前景下，我们看好比特币。“不过，按照目前的估值，我们认为矿业股的风险/回报要好得多，因为比特币的复苏应该有更多的上涨空间。”</blockquote> He maintained Buy ratings on Riot, Marathon, Hut 8, Stronghold, Power &amp; Digital Infrastructure(XPDI), and Argo Blockchain(ARBK).<blockquote>他维持对 Riot、Marathon、Hut 8、Stronghold、Power &amp; Digital Infrastructure (XPDI) 和 Argo Blockchain (ARBK) 的买入评级。</blockquote> Granted, the stocks are still bets on Bitcoin and crypto more broadly. And sentiment will need to turn for the stocks to recover.<blockquote>诚然，这些股票仍然是对比特币和更广泛的加密货币的押注。股市要想复苏，情绪需要转向。</blockquote> “We’ve had a tremendous run in the group over the last year, and that’s creating a moment of friction in the stocks,” says Devin Ryan, an analyst with JMP Securities.<blockquote>“JMP Securities 分析师德文-瑞安（Devin Ryan）说：”在过去的一年里，我们集团的股价出现了巨大的波动，这给股市带来了摩擦。</blockquote> Valuations for the miners are looking more attractive. If investors turn bullish on Bitcoin again, the stocks should go along for the ride.<blockquote>矿商的估值看起来更具吸引力。如果投资者再次看好比特币，股市应该会跟着上涨。</blockquote>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Mining Stocks Are Getting Slammed. It Could Be Time to Buy.<blockquote>比特币矿业股遭受重创。可能是时候买入了。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Mining Stocks Are Getting Slammed. It Could Be Time to Buy.<blockquote>比特币矿业股遭受重创。可能是时候买入了。</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nBarron's2021-12-10 08:25\n\n</h4>\n</header>\n<article>\n Investors are punishing Bitcoinmining stocks as prices for the cryptocurrency continue to slide. Bitcoin was trading down 4% on Thursday, at $48,300, and is down 14% over the past seven days.<blockquote>随着加密货币价格持续下滑，投资者正在惩罚比特币挖矿股票。比特币周四下跌 4%，至 48,300 美元，过去 7 天下跌 14%。</blockquote> The decline in Bitcoin is dragging down the broader crypto sector, hitting miners particularly hard. Marathon Digital Holdings(ticker: MARA), one of the largest miners, was off 11.5% on Thursday, at $41.28. Riot Blockchain(RIOT) was off 9.4%, at $26.58, while Stronghold Digital Mining(SDIG) was down 6.9%, at $16.97.<blockquote>比特币的下滑正在拖累更广泛的加密货币行业，对矿工的打击尤其严重。最大的矿商之一 Marathon Digital Holdings（股票代码：MARA）周四下跌 11.5%，至 41.28 美元。Riot Blockchain (RIOT) 下跌 9.4%，至 26.58 美元；Stronghold Digital Mining (SDIG) 下跌 6.9%，至 16.97 美元。</blockquote> Other factors are also pressuring crypto, including malaise in the broader tech sector as investors factor in new risks, including the spread of the Omicron coronavirus variant and tighter monetary policies from the Federal Reserve.<blockquote>其他因素也给加密货币带来压力，包括随着投资者考虑新风险（包括奥密克戎冠状病毒变种的传播和美联储收紧货币政策），更广泛的科技行业出现低迷。</blockquote> Miners essentially process transactions on the blockchain, earning or “minting” Bitcoin in return for each block they successfully validate.<blockquote>矿工基本上是在区块链上处理交易，赚取或 “铸造 ”比特币，作为他们成功验证的每个区块的回报。</blockquote> Barron’s recently wrote favorably about the sector, arguing the stocks looked like inexpensive bets on the crypto. The stocks have been weak as Bitcoin prices slid, reducing the value of mined coins.<blockquote>《巴伦周刊》最近对该行业进行了好评，认为这些股票看起来像是对加密货币的廉价押注。由于比特币价格下跌，降低了开采硬币的价值，股市一直疲软。</blockquote> The stocks have also come under pressure because it’s getting tougher to mine, or produce, Bitcoins, reducing the number and value of coins per miner. Mining difficulty resets every 2,016 blocks, roughly every two weeks, ensuring that 144 blocks are mined daily, producing 6.25 Bitcoins a day. The difficulty has been climbing since July and has taken several steps up since October.<blockquote>比特币的开采或生产变得越来越困难，导致每个矿工的比特币数量和价值减少，因此比特币股票也面临压力。挖矿难度每2016个区块重置一次，大约每两周一次，确保每天开采144个区块，每天生产6.25个比特币。自7月份以来，难度一直在攀升，自10月份以来又上升了几个台阶。</blockquote> The next reset is scheduled for Dec. 11. It could increase the difficulty rate by 6%, estimates D.A. Davidson analyst Christopher Brendler. That may make it harder for miners to meet Wall Street’s targets for coins produced in the quarter.<blockquote>下一次重置定于12月11日。地方检察官估计，这可能会使难度增加6%。戴维森分析师克里斯托弗·布伦德勒。这可能会使矿商更难达到华尔街对本季度硬币产量的目标。</blockquote> Indeed, some miners appear to be running well behind targets. Marathon mined 418 Bitcoins in October and 196 last month, for instance. To meet Brendler’s fourth-quarter forecast, the company would need to mine 1,112 coins in December, more than tripling production.<blockquote>事实上，一些矿工似乎远远落后于目标。例如，马拉松在10月份开采了418个比特币，上个月开采了196个。为了达到 Brendler 第四季度的预测，该公司需要在 12 月份开采 1112 枚硬币，产量将增加两倍多。</blockquote> Marathon is adding mining machines and expects to ramp up production sharply next year at new facilities in Texas. But Brendler doesn’t expect the company to produce more than 1,100 coins in December.<blockquote>马拉松正在增加采矿机械，并预计明年德克萨斯州新工厂的产量将大幅增加。但布伦德勒预计该公司 12 月份的硬币产量不会超过 1100 枚。</blockquote> Riot Blockchain, for its part, would have to mine 391 Bitcoins in December to meet Brendler’s fourth-quarter estimates, compared with 464 coins mined in October. Hut8 Mining (HUT), a Canadian miner, would have to mine 606 coins in December, more than double its November haul of 265 coins.<blockquote>Riot Blockchain 则必须在 12 月份开采 391 枚比特币，才能达到 Brendler 第四季度的预期，而 10 月份开采的比特币为 464 枚。加拿大矿商 Hut8 Mining (HUT) 将在 12 月份开采 606 枚硬币，是 11 月份 265 枚硬币的两倍多。</blockquote> “With mining difficulty going up, we’ll see pressure on December numbers,” says Brendler.<blockquote>“布伦德勒说：”随着采矿难度的增加，我们将看到 12 月份的数据面临压力。</blockquote> The price declines may represent a buying opportunity, though. Most miners can be quite profitable with Bitcoin at $50,000. The network’s hash rate, or computing power devoted to mining, typically declines a bit as prices weaken. The hash rate has been rising for months, but sustained weakness in Bitcoin prices could slow its growth.<blockquote>不过，价格下跌可能代表着买入机会。大多数矿工可以从50,000美元的比特币中获得相当大的利润。随着价格走软，网络的哈希率或用于挖掘的计算能力通常会略有下降。哈希率几个月来一直在上升，但比特币价格的持续疲软可能会减缓其增长。</blockquote> Another positive take, says Brendler, is that leverage may be washing out of Bitcoin as prices correct. Tougher tax rules on crypto are also coming, and traders may be liquidating positions ahead of new reporting requirements expected to take effect in 2022.<blockquote>布伦德勒表示，另一个积极因素是，随着价格的调整，杠杆可能会从比特币中消失。对加密货币更严格的税收规则也即将出台，交易者可能会在预计于 2022 年生效的新报告要求之前清算头寸。</blockquote> “With such strong underlying fundamentals, especially against the prospects for a sustained pandemic, we’re bullish on BTC here,” Brendler wrote in a note this week, referring to Bitcoin. “However, at current valuations, we see a materially better risk/reward in our mining stocks as there should be more upside in a BTC recovery.”<blockquote>“布伦德勒在本周的一份报告中提到比特币时写道：”在基本面如此强劲的情况下，尤其是在持续大流行病的前景下，我们看好比特币。“不过，按照目前的估值，我们认为矿业股的风险/回报要好得多，因为比特币的复苏应该有更多的上涨空间。”</blockquote> He maintained Buy ratings on Riot, Marathon, Hut 8, Stronghold, Power &amp; Digital Infrastructure(XPDI), and Argo Blockchain(ARBK).<blockquote>他维持对 Riot、Marathon、Hut 8、Stronghold、Power &amp; Digital Infrastructure (XPDI) 和 Argo Blockchain (ARBK) 的买入评级。</blockquote> Granted, the stocks are still bets on Bitcoin and crypto more broadly. And sentiment will need to turn for the stocks to recover.<blockquote>诚然，这些股票仍然是对比特币和更广泛的加密货币的押注。股市要想复苏，情绪需要转向。</blockquote> “We’ve had a tremendous run in the group over the last year, and that’s creating a moment of friction in the stocks,” says Devin Ryan, an analyst with JMP Securities.<blockquote>“JMP Securities 分析师德文-瑞安（Devin Ryan）说：”在过去的一年里，我们集团的股价出现了巨大的波动，这给股市带来了摩擦。</blockquote> Valuations for the miners are looking more attractive. If investors turn bullish on Bitcoin again, the stocks should go along for the ride.<blockquote>矿商的估值看起来更具吸引力。如果投资者再次看好比特币，股市应该会跟着上涨。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.barrons.com/articles/bitcoin-price-mining-stocks-buy-51639081798?mod=hp_DAY_0\">Barron's</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SDIG":"Stronghold Digital Mining, Inc","MARA":"MARA Holdings","RIOT":"Riot Platforms"},"source_url":"https://www.barrons.com/articles/bitcoin-price-mining-stocks-buy-51639081798?mod=hp_DAY_0","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145658454","content_text":"Investors are punishing Bitcoinmining stocks as prices for the cryptocurrency continue to slide. Bitcoin was trading down 4% on Thursday, at $48,300, and is down 14% over the past seven days.\n\nThe decline in Bitcoin is dragging down the broader crypto sector, hitting miners particularly hard. Marathon Digital Holdings(ticker: MARA), one of the largest miners, was off 11.5% on Thursday, at $41.28. Riot Blockchain(RIOT) was off 9.4%, at $26.58, while Stronghold Digital Mining(SDIG) was down 6.9%, at $16.97.\n\n\nOther factors are also pressuring crypto, including malaise in the broader tech sector as investors factor in new risks, including the spread of the Omicron coronavirus variant and tighter monetary policies from the Federal Reserve.\n\nMiners essentially process transactions on the blockchain, earning or “minting” Bitcoin in return for each block they successfully validate.\n\nBarron’s recently wrote favorably about the sector, arguing the stocks looked like inexpensive bets on the crypto. The stocks have been weak as Bitcoin prices slid, reducing the value of mined coins.\n\nThe stocks have also come under pressure because it’s getting tougher to mine, or produce, Bitcoins, reducing the number and value of coins per miner. Mining difficulty resets every 2,016 blocks, roughly every two weeks, ensuring that 144 blocks are mined daily, producing 6.25 Bitcoins a day. The difficulty has been climbing since July and has taken several steps up since October.\n\nThe next reset is scheduled for Dec. 11. It could increase the difficulty rate by 6%, estimates D.A. Davidson analyst Christopher Brendler. That may make it harder for miners to meet Wall Street’s targets for coins produced in the quarter.\n\nIndeed, some miners appear to be running well behind targets. Marathon mined 418 Bitcoins in October and 196 last month, for instance. To meet Brendler’s fourth-quarter forecast, the company would need to mine 1,112 coins in December, more than tripling production.\n\nMarathon is adding mining machines and expects to ramp up production sharply next year at new facilities in Texas. But Brendler doesn’t expect the company to produce more than 1,100 coins in December.\n\nRiot Blockchain, for its part, would have to mine 391 Bitcoins in December to meet Brendler’s fourth-quarter estimates, compared with 464 coins mined in October. Hut8 Mining (HUT), a Canadian miner, would have to mine 606 coins in December, more than double its November haul of 265 coins.\n\n\n“With mining difficulty going up, we’ll see pressure on December numbers,” says Brendler.\n\nThe price declines may represent a buying opportunity, though. Most miners can be quite profitable with Bitcoin at $50,000. The network’s hash rate, or computing power devoted to mining, typically declines a bit as prices weaken. The hash rate has been rising for months, but sustained weakness in Bitcoin prices could slow its growth.\n\nAnother positive take, says Brendler, is that leverage may be washing out of Bitcoin as prices correct. Tougher tax rules on crypto are also coming, and traders may be liquidating positions ahead of new reporting requirements expected to take effect in 2022.\n\n“With such strong underlying fundamentals, especially against the prospects for a sustained pandemic, we’re bullish on BTC here,” Brendler wrote in a note this week, referring to Bitcoin. “However, at current valuations, we see a materially better risk/reward in our mining stocks as there should be more upside in a BTC recovery.”\n\nHe maintained Buy ratings on Riot, Marathon, Hut 8, Stronghold, Power & Digital Infrastructure(XPDI), and Argo Blockchain(ARBK).\n\nGranted, the stocks are still bets on Bitcoin and crypto more broadly. And sentiment will need to turn for the stocks to recover.\n\n“We’ve had a tremendous run in the group over the last year, and that’s creating a moment of friction in the stocks,” says Devin Ryan, an analyst with JMP Securities.\n\nValuations for the miners are looking more attractive. If investors turn bullish on Bitcoin again, the stocks should go along for the ride.","news_type":1,"symbols_score_info":{"RIOT":0.9,"MARA":0.9,"SDIG":0.9}},"isVote":1,"tweetType":1,"viewCount":1012,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":8,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/604325590"}