Look at the listed companies. Marathon’s stock has been cut to a 1/3. Rewards cut in half and they must have took on a boat load of hardware at the peak of the market even at what must have been a decent discount.
The Fed hasn’t even really started QT and the everything market totally shit the bed.
Between inflation and the measures to correct it I have a hard time thinking this is even close to the bottom.
Nonetheless we’re in infrastructure mode and would love to fill it up with cheap gear!
I’ve seen some $65/TH which is still high at this price.
The Fed hasn’t even really started QT and the everything market totally shit the bed.
Between inflation and the measures to correct it I have a hard time thinking this is even close to the bottom.
Nonetheless we’re in infrastructure mode and would love to fill it up with cheap gear!
I’ve seen some $65/TH which is still high at this price.
back to 31.2k from 25.3k
maybe it goes to 41k by fri the 20th
25.3k may have been it.
but if the fed does .5% again things could become very interesting