Market tales have led investors to ensure that mines are not able to obtain the funds they need to create, is that building a large-scale mining operation is capital intensive. However, BTIG's Lewis felt that larger companies were more likely to raise funds included in a bear market. “In a flat BTC price market, the ability to access capital has become much more important (think rig, infrastructure and BTC funding) and we expect large established mines to continue to have access to capital at expense of smaller and newer mines," he writes.

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