Miners Going Public Amid Bitcoin Slump Face Tough Months Ahead

Posted on by American Coins & Gold

Miners Going Public Amid Bitcoin Slump Face Tough Months Ahead
Crypto miners that are slated to go public soon, are likely to face a tough few months following the recent drop-off in bitcoin’s price and the broader crypto market.The slump in crypto prices could affect companies such as Core Scientific, which is planning to become a public company through a merger with special purpose acquisition company (SPAC) Power & Digital Infrastructure Acquisition Corp., and bitcoin miner Rhodium Enterprise, which is planning an almost $2 billion dollar IPO.Bitcoin prices have fallen more than 30% since reaching an all-time high in November, and investors and the number of miners going public have…