This Christmas, take pleasure in a poem that reveals the transformation of the bitcoin mining funding sector.
I wandered lonely as an investor
That floated across the mining sector
First got here Hut 8, Riot, Argo and Hive
Barely struggling to stay alive
Ready for them to have bloomed
2021 was the yr they mooned
Alongside got here Marathon, DMG and Bitfarms
These new names had their charms
However Marathon and DMG needed to dam transactions
Solely to really feel the wrath of the person reactions
The stream of names appeared nearly eternal
Bit Digital, BIT Mining, Digihost, CleanSpark, Mawson, Cathedra and Cipher Mining
Then there was the China ban
Inflicting a splash into America, Russia and Kazakhstan
Only some would have lingered on
They needed to stay hidden or they had been gone
Bitmain, MicroBT and Canaan appear largely positive
However sooner or later they could possibly be on the road
Towards the top of the yr there was a wave of latest massive names
Core Scientific, Stronghold and Greenidge with formidable goals
There’s extra to return on this vein
With non-public capital determined to realize
Instantly many selections accessible now
Leaving outsiders questioning how
I am not so lonely anymore
Clamor and crowds on the proverbial door
2021 was a sensational yr
And now we sit again for some Christmas cheer
As for what we anticipate for 2022
Wider dispersion of returns and optimistic skew
And to every reader, outdated and new,
A Merry Christmas to every of you
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
