Miners Remain Unfazed by Crypto Sell-Off, Expect More M&A

Miners Remain Unfazed by Crypto Sell-Off, Expect More M&A
The stocks of publicly traded crypto miners have slumped amid the recent sell off in bitcoin and the broader market as the U.S. Federal Reserve prepares to raise interest rates. However, industry participants remain optimistic about the sector’s outlook and see the potential for consolidation among the miners.Among the crypto-linked stocks, crypto miners are most exposed to the price movements of the digital assets they mine. And given the recent carnage in bitcoin and other cryptocurrency prices, some of the stocks have lost more than 50% of their value since their peak last year.Viridi Cleaner Energy Crypto-Mining & Semiconductor ETF,…