“It is attainable some individuals are making the wager” that if bitcoin is not declining to $18,000, “then this can be a beautiful time to start out accumulating among the miners,” that are nonetheless worthwhile, mentioned Joseph Vafi, managing director of equities analysis at funding financial institution Canaccord Genuity, which covers Argo Blockchain (ARBK), Iris Power (IREN) and Hut 8 Mining (HUT).






