White also wrote that Core has sufficient access to capital with its monthly production of bitcoin and its equity line of credit to fund its operations and debt through the end of next year. Core’s third-party hosting business also generates revenue that is less correlated to bitcon’s prices, White added.
Related posts
-
Spot Bitcoin ETFs Face Heavy Losses — Who Took the Biggest Hit?
On Monday, spot bitcoin exchange-traded funds (ETFs) took a substantial hit, with investors pulling out a... -
Crypto Market Little Changed as U.S. Votes
Bitcoin is little changed, having recovered from a dip below $68,000. Aside from today’s U.S. presidential... -
Hellish US Debt Scenario Could Propel Bitcoin to $1 Million by 2030
Sebastian Serrano, CEO of the Argentina-based cryptocurrency exchange Ripio, has predicted that bitcoin will reach $1...