Some cheap crypto mining stocks could be value traps, warns asset manager Valkyrie

09/07 23:59

According to Coindesk, some crypto mining stocks could be value plays for investors, while others could end up being value traps if the crypto winter extends for a longer period of time, digital asset-focused investment manager Valkyrie said in a report. “Value stocks are the ones that will likely survive and rebound in price while value traps are the ones that will cease mining and likely never eclipse their prior high prices,” Valkyrie said in its miners outlook. Profitability will be key for survival, and miners containing the lowest levels of debt are more likely to make it out of the crypto winter, according to Valkyrie. Those with weaker balance sheets may also need to raise capital or cut capital spending, the firm wrote.
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