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Due to the network hashrate growth and evolving macroeconomic conditions, the direct cost of bitcoin among mining institutions has risen sharply over the first quarter of 2022.
If the crypto market continues a bearish outlook, a new round of consolidation in the mining industry could take place in the near term as the gross profit margin keeps being squeezed.
In this piece, we dive into the numbers provided by a dozen public mining companies in their latest earnings reports and conference calls.
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