Crypto miner explains how Bitcoin mining stabilizes grids By Cointelegraph

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© Reuters.

2022 was “the perfect storm” for (BTC) miners, according to Jaime Leverton, CEO of Hut8 mining, one of the largest crypto miners and digital asset experts in the space.

Leverton sat down with Gareth Jenkinson, senior reporter at Cointelegraph, in an interview at the World Economic Forum in Davos, Switzerland. Topics included were the 2022 bear market, Web3 diversification and, crucially, Bitcoin’s growing positive impact on the environment and broader economy. Leverton shared that 2022 was a turbulent year for miners:

Hut 8 Bitcoin Mining Corp since Jan 2018. Source: Bitcointreasuries.net
Hut 8 Mining Corp’s holdings. They are the largest Canadian miner and fourth worldwide among publicly traded companies. Source: BitcoinTreasuries.net
Snowstorms in Alberta. Source: CBC.CA