From the Transformation of BitDigital, Is Investing in 'Mining Companies' Worth It Long-Term?
Let's talk plainly about whether these 'mining companies' are worth long-term investment, just like discussing whether the small shop run by neighbor Wang can last long:
How do I assess whether a mining company is worth money? - Inspired by Bit Digital's profitability, and sharing with everyone.
Seeing Bit Digital (BTBT), this mining company lost 12 million dollars last year, but suddenly made 14.9 million this year! This change makes me ponder: companies that only know how to 'mine coins' may not be enough anymore; they need to have some other skills to survive long-term. If I want to invest in this type of company, I need to focus on these few aspects: