Arcane Research: Public Miners Have a Stable Financial Position

According to Arcane Research experts, public mining companies are having a hard time due to the declining price of Bitcoin, rising electricity rates and the difficulty of mining. But none of them went bankrupt.

The company analysts believe that the main reason for the financial stability of miners is the “huge” monetary and crypto reserves accumulated by them by the beginning of summer.

Arcane Research has highlighted that miners liquidated significant amounts of Bitcoin they held in June and July to pay for equipment supplies and other expenses. However, most remain in good financial condition.

They have compared the quick liquidity ratio of miners on March 31 and at the moment. The indicator is the ratio of liquid assets (fiat money, their equivalents and cryptocurrencies) to current assets.