Crypto Mining Stocks Bounce Amid Bitcoin Recovery

Vafi is "not particularly concerned that leverage becomes a large issue" because miners are still profitable so they can keep servicing their loan installments. They can also continue selling bitcoin, he said. One possible negative aspect is that their growth will be constrained if they have trouble raising more capital, Vafi said. Vafi: "I'm not particularly concerned about that leverage become a large problem" in the mining industry. He said they can continue to sell bitcoin and continue to raise more money through the proceeds of their mining operations, but they will need to be able to keep raising more money to stay on the bitcoin market for the rest of the next few years, he added. For more information, visit www.bitcoinmining.com/miningminers. Source