Analyzing Bitcoin miners’ condition in the wake of increased regulatory purview

The same U.S. laws stipulate that large-scale Bitcoin mining operations should be restricted to areas set aside for industrial use.

Well, what does this mean for top Bitcoin mining companies? It has been business as usual for the top mining companies such as Core Scientific, Greenidge generation, and BIT mining among others. This newly implemented regulation is not expected to bring major changes to their operations unless for those with operations in designated residential areas.As far as Bitcoin miner stats are concerned, the current market conditions do not exactly offer much of an incentive for miners to hold on to their coins.Source: CryptoQuantmight provide a clearer view of the state of Bitcoin miners since the start of the year.

This indicates that miners were cashing out their profits. However, miner outflows have dropped since, and are still within a 5-week lower range.

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