Bitcoin miners could achieve GAAP accounting net profits this quarter if Bitcoin’s price holds above $62,000 by the end of the month. The Financial Accounting Standards Board requires miners to mark their Bitcoin holdings to market as of June 30, 2024, for Q2 earnings reports. The FASB introduced new accounting rules effective for fiscal years […]
The post Bitcoin miners eye critical $62,000 price level to maximize profits in Q3 appeared first on CryptoSlate.
Go here to Read this Fast! Bitcoin miners eye critical $62,000 price level to maximize profits in Q3
Originally appeared here:
Bitcoin miners eye critical $62,000 price level to maximize profits in Q3