Do you want to understand the core issue with Bitcoin mining today? 

Let's talk about it. The majority of the companies here in the US needed access to a large amount of cheap capital in order to grow and scale their Bitcoin mining operations. So how do they do it? 

They use what's called a SPAC, a special purpose acquisition company, where someone who's listed on a stock market with some amount of money, they buy a private company, therefore taking it public without doing an IPO.

Now, this is great for a period of time because you have a lot of cash to go scale up operations buy miners locations, etcetera. However, the risk with that is you are tying the volatility of your market cap and your stock price with that of Bitcoin. As we know, on any short period of time, Bitcoin has high volatility.

Just for example, its gone from over $60,000 down to $20,000 in less than a year and all of these companies are feeling that pressure because their stock price is down between 75 and 95%. And so was it really the smartest decision strategically? Clearly the answer to that is no. Going public is not the strategic answer, even though it did give them time when Bitcoin was up, they had cash and now they're all struggling.

What's the answer? The answer is stay decentralized, stay private, grow your operations in a way that you can financially afford. 

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