US mining corporations are faced with financial difficulties

At the beginning of last month, the cryptocurrency market was faced with a large -scale fall, which is observed now. Against this background, the US mining corporations encountered obvious difficulties, as evidenced by financial reports. The total capitalization of the crypto production sector in February decreased by $ 6 billion. At the same time, the daily profit of miners for the mined block decreased by about 5%.

According to representatives of JPMorgan Chase, the growth of operating expenses in conjunction with an unfavorable situation in the market formed the basis of the development of the current trend. Analysts also appreciated the general situation that is observed in the mining sector. Profile organizations, trying to minimize expenses, turn to various innovations, in particular, artificial intelligence. A number of companies completely switched to this segment, which contributed to the emergence of new business models in the industry.

Miners develop new strategies to ensure the stability of their work. Low income in conjunction with the increase in electricity costs and equipment depreciation forces specialized services to look for new effective solutions to optimize the business.

In this aspect, the tendency of active investment in alternative energy sources became a significant aspect.

In conclusion, JPMorgan Chase experts noted that the high volatility of cryptocurrency, regulatory unclearness and growth of mining costs form systemic financial risks for crypto -producing organizations. The current situation requires the development of balanced strategies to maintain business profitability in the long run. The miners are also acting very carefully, since there is a complex macroeconomic situation in connection with the trade confrontation of the United States from a number of countries.

Author

Andrey Alexandrov