The mining industry is well positioned to participate in a new bitcoin (BTC) cycle, Bernstein said in a research report Thursday. The broker sees positive catalysts from the largest cryptocurrency’s safe haven status, the reward halving due early 2024 and lower energy and equipment costs. Rising bitcoin prices – the largest cryptocurrency by market cap has climbed 70% this year – and easing energy and equipment costs bode well for cash generation and the leverage position of miners, the repor...