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Concerns Over Bitcoin Miners' Executive Compensation.

Executives in the US Bitcoin mining sector are reportedly earning significantly more than their counterparts in IT and energy, largely due to lucrative stock compensation packages, as highlighted by asset manager VanEck. Shareholder approval for these pay packages is notably low, averaging only 64%, compared to around 90% for S&P 500 companies. The report indicates that mining executives are granting themselves substantial equity awards that dilute shareholder value without a clear link to long-term performance. In 2023, Bitcoin miner executives earned an average of $6.6 million, which is projected to rise to $14.4 million in 2024. Equity awards made up 79% of total compensation in 2023 and are expected to increase to 89% in 2024. Disparities in pay-for-performance alignment were also noted, with Riot Platforms paying a significant portion of its market cap increase to executives. However, six out of eight miners have begun implementing performance stock units to enhance accountability and align compensation with performance.#BTCBreaksATH #ShariaEarn #TrendTradingStrategy #BinanceTurns8 #Write2Earn $BTC