Bitcoin outperformed private investing in crypto-mining firms, even with 80% decline from peak price6

In the wake of Bitmain’s IPO lapsing, we took a look at private funding rounds into some of the largest crypto mining companies to measure potential returns vs. outright Bitcoin performance during the same time horizon. Outside of Canaan, which is reportedly still exploring an IPO in either Shanghai or the U.S., all major crypto mining IPO applications have lapsed their filling. The potential for higher valuations (either via new funding rounds or public exits) above the respective companies’ latest valuations remain slim given the prolonged bear market which has seen price and volumes decline by more than 80% since early 2018.

Join Genesis now and continue reading, Bitcoin outperformed private investing in crypto-mining firms, even with 80% decline from peak price!

Original source
https://www.theblockcrypto.com/2019/03/27/bitcoin-outperformed-private-investing-in-crypto-mining-firms-even-with-80-decline-from-peak-price/

Add comment

Please Sign in to be able to leave comments.