## Shareholder Revolt Looms Over US Bitcoin Mining Executive Pay Executives at U.S. Bitcoin mining firms are facing increasing shareholder scrutiny and backlash over substantial stock compensation packages, a CoinTelegraph report highlights, referencing research from VanEck. The study analyzed compensation at eight publicly listed Bitcoin mining companies: Bit Digital, Cipher Mining, CleanSpark, Core Scientific, Hut 8, Marathon Digital Holdings, Riot Platforms, and TeraWulf. It revealed that executive stock compensation more than doubled, jumping from an average of $6.6 million in 2023 to a staggering $14.4 million in the past year. This level of compensation significantly surpasses the annual salaries typically seen at established energy and technology companies, fueling discontent among investors. The average shareholder approval rate for these packages is a mere 64%, indicating strong opposition to the current executive compensation structures. As the Bitcoin market evolves, miners need to justify the high compensations with profitability or face severe push backs. ```

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