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Benzinga
Benzinga
Business
David Pinsen

What Happens When Your Bitcoin Miner Drops By 80%? In this Case, You Beat The Market By 10%.

Bitcoin Frank Holmes Gold MARA BOIL

Levered Bets on Bitcoin Go Both Ways

Good news for an underlying commodity tends to be even better news for companies that mine it, all else equal, thanks to their inherent operational leverage. Frank Holmes explained the concept using gold miners as an example, in an article a few years back:

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