Plummeting cryptocurrency prices have made life difficult for Bitcoin (CRYPTO: BTC) miners in 2022, but Canaccord Genuity analyst Joseph Vafi said Monday that he maintains his bullish long-term outlook for crypto miners Argo Blockchain ADR (NASDAQ: ARBK), HIVE Blockchain Technologies Ltd (NASDAQ: HIVE), Hut 8 Mining Corp (NASDAQ: HUT) and Iris Energy Ltd (NASDAQ: IREN).
Mining Efficiency Critical: In his monthly digital asset mining update, Vafi said production has been on the rise among top miners despite the downturn in crypto prices. In May, North American miners increased their output, while miners in China came back online as well.
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