'Publicly listed mining companies can't hold on? After production cuts, selling for survival, who will be the next to blow up?'
In-depth interpretation
According to the latest news from ChainCatcher, Nasdaq-listed mining company DMG Blockchain Solutions (DMGI) released its June operational report, and the data is shocking—Bitcoin production plummeted to 23 coins in June, a sharp drop of 25.8% from 31 coins in May! Even more critically, the company has urgently sold BTC to cover operational expenses and repay debts to Sygnum Bank, resulting in its holdings dropping from 350 coins at the end of May to 341 coins, and the reserve fund continues to bleed!
【Key Signal Interpretation】
Power crisis? The sharp decline in production may be due to aging mining machines, soaring electricity prices, or power migration, exposing the survival dilemma of traditional mining companies in a bear market.
Liquidity exhaustion! Preferring to sell at a loss rather than hoard coins indicates that cash flow has reached the life-and-death line, and a wave of miner surrender may be approaching.
Industry chain reaction: If publicly listed mining companies start to 'sell coins to survive,' market selling pressure will intensify, and Bitcoin's bottom may be tested again!
【Old Li's Sharp Commentary】 'DMG's financial report is simply a miner's version of an 'SOS signal'! Now we have to see if other publicly listed mining companies (like MARA, RIOT) can withstand this power winter. If the Federal Reserve does not loosen up soon, these highly leveraged miners are likely to become the 'fuel' for the next bull market!'
【Soul-Searching Question】 At the moment when miners collectively lie flat, do you think Bitcoin will drop below previous lows, or will it rebound dramatically?
Share your views in the comments! #BitcoinMiningCrisis #CryptoWinter
