Outlet: Fortune

Date Published: December 9, 2022

Title: Bitcoin miners took on billions in debt to ‘pump their stock’—leading to a crypto catastrophe

Link: https://fortune.com/crypto/2022/12/09/bitcoin-miners-billions-debt-crypto-catastrophe/

Summary: Not every bitcoin miner has what it takes to survive the bear market like CleanSpark. According to this Fortune article, CleanSpark CEO Zach Bradford keeps receiving calls from other BTC mining bosses who are panicking. We're one of the few miners who acquired substantially discounted rigs this year, thanks in part to the company's low debt.