If you read news media about mining this week: you'll get the "20% of miners unprofitable", "below production cost for five months", "hashrate down 12%"

- in other words, you'll get the un-nuanced, single-dimension, skewed-negative coverage that every one else gets.

If you listen to people on the inside, you'll get the real story
- Mining will never be unprofitable because there are multiple ancillary revenue sources
- You can mine for an effective -2.67c/KWh if you're also providing grid stabilization through your ASICS
- Bitcoin mining (where the miner has ancillary revenue) is an attractive asymmetric bet because never has it been so clear it solves so many of the world's energy problems in parallel. The world's utilities and grid operators are now a hair's breadth away from realizing this.

Not investment advice.