Cryptocurrency And Security RisksOngoing exposure to cryptocurrency price volatility, cyber security threats, potential dilution, and regulatory and currency risks could destabilize cash flow and deter risk-sensitive investors.
Mining ProfitabilityDegrading mining economics have pushed all-in costs above prevailing market prices, which could force scale-backs in mining operations and materially pressure overall profitability.
Realized Bitcoin Sale TimingMajor sale of most bitcoin holdings executed at a low realized price raises concerns about timing and reduces potential upside from future cryptocurrency rallies.