Of course, any single digit multiple assumed on valuation metrics must assume a Bitcoin price of between $70,000 to $100,000 which we would argue is reasonable given the current momentum in the price of Bitcoin. Conversely, given that these are technology companies, we would have to admit that execution risk at scale has proven a high hurdle to achieve.

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• Source: https://www.coindesk.com/markets/2024/04/17/bitcoin-miners-are-set-for-a-coiled-spring-rally/?utm_medium=referral&utm_source=rss&utm_campaign=headlines