Bitcoin Mining Meets Wall Street: An Analysis of Crypto Companies

• The NBER released a paper called “Bitcoin Mining Meets Wall Street”.
• The paper studies 13 crypto companies enlisted in the NASDAQ stock exchange.
• It details the choice of miners between traditional energy consumption and modern renewable energy.

The National Bureau of Economic Research (NBER), the American private non-profit research organization, released an analysis of 13 publically traded crypto mining companies enlisted on the NASDAQ stock exchange, entitled “Bitcoin Mining Meets Wall Street”.

Notably, the recently published article highlighted its key agenda as to study the specific strategies adopted by these companies in the relatively “difficult period”, stating:

Our paper studies how outside shareholders have valued bitcoin miners, and how the publicly traded mining companies have adapted their strategies in an environment that requires regular shareholder reporting and interaction with Wall Street analysts.

Interestingly, the paper expounded on the various possible sources of a company’s advantage in increasing the customer’s demand. The four possibilities shared include the companies’ access to scarce mining equipment, sec…

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