The Bitcoin mining market never did fear a crash. Companies had cash to spare and everything was great. Until Core Scientific's stocks tanked 75% on 28th October as displayed in the third image.

If you could buy a Core Scientific share with $1 on 26th, now, you can buy 5 with that money. Why?

The company announced that it’ll run out of cash this year. Hence, the fear of bankruptcy and a massive sell-off.

Why is the company running out of cash?

Bitcoin Hash Rate is at 291.15M, up from 152.74M one year ago as you can see on the second graph. An increase of ~90% in a span of a year.

Bitcoin mining difficulty is at 36.84, up from 20.08 one year ago as you can see stated on the first graph. This is a change of 83.42% in one year.

Energy spent>Bitcoin mined. The fourth graph shows that 19 out of 21M BTC possible were mined. We’re at the edge.

Will the mining survive this bear market? We bet it will!