比特幣（BTC）採礦公司應持有其開采的比特幣並將其用作抵押品

比特幣（BTC）礦業公司應持有其挖掘的比特幣，並將其用作菲亞特計價貸款的抵押品，以支付運營費用

In the highly competitive landscape of Bitcoin (BTC) mining, firms should prioritize using their mined coins as collateral for fiat-denominated loans to cover operating expenses rather than selling BTC and forgoing the potential gains, suggests John Glover, chief investment officer at Bitcoin lending firm Ledn.

在比特幣（BTC）採礦的高度競爭格局中，公司應優先考慮將其挖掘的硬幣作為菲亞特計價貸款的抵押品來支付運營費用，而不是出售BTC並放棄潛在的收益。

In an interview with Cointelegraph, Glover highlighted several advantages of holding onto the BTC, including its anticipated price appreciation, the deferment of capital gains tax, and the prospect of generating additional income by lending out BTC held in corporate treasuries.

在接受Cointelegraph的採訪中，格洛弗強調了保留BTC的幾個優勢，包括預期的價格升值，延期資本利得稅以及通過在公司國庫中持有的BTC來產生額外收入的前景。

This debt-based approach is similar to companies like Strategy, which engage in issuing corporate debt and equity to facilitate Bitcoin acquisition and capitalize on the diverging price fundamentals between BTC and the fiat currencies used to fund the corporate capital.

這種基於債務的方法類似於諸如戰略之類的公司，該公司從事公司債務和權益，以促進比特幣收購併利用BTC與用於資助公司資本的法定貨幣之間的不同價格基本面。

Bitcoin-backed loans could be a significant asset for miners navigating the highly competitive industry, which is increasingly pressured by the trade tensions arising from the Trump administration's protectionist trade policies and macroeconomic uncertainty.

對比特幣支持的貸款可能是導航高度競爭產業的礦工的重要資產，這是由於特朗普政府的貿易保護主義貿易政策和宏觀經濟不確定性所帶來的貿易緊張局勢越來越壓力。

Trade war places even more pressure on beleaguered mining industry

貿易戰給陷入困境的採礦業帶來了更大的壓力

The Bitcoin mining industry is typically characterized by intense competition and capital costs that escalate over time as miners deploy more powerful computing resources to mine blocks and maintain the network security.

比特幣礦業行業通常以激烈的競爭和資本成本來升級，隨著礦工部署更強大的計算資源來挖掘區塊並維持網絡安全性。

President Trump's imposition of sweeping trade tariffs has had an impact on the already competitive sector, with reports from CCXV covering the Bitcoin (BTC) price analysis, a new report by Korea Economic Daily, and details of Asia.

特朗普總統強加貿易關稅對已經競爭激烈的部門產生了影響，CCXV的報導涵蓋了比特幣（BTC）價格分析，韓國經濟日報的新報告以及亞洲的詳細信息。

The trade war has placed even more pressure on the beleaguered mining industry as it juggles rising capital costs with the macroeconomic headwinds that are spurring miners to liquidate their BTC holdings.

這場貿易戰給陷入困境的採礦業帶來了更大的壓力，因為它以宏觀經濟的逆風促使資本成本上升，這促使礦工促使礦工清算其BTC的持股。

According to TheMinerMag, March 2025 saw miners collectively liquidate more than 40% of the mined supply, which is being sold by miners to pay operating expenses.

根據Theminermag的說法，2025年3月，礦工共同清算了超過40％的採礦供應，這是礦工出售的以支付運營費用。

This 40% sell-off marks the reversal of a trend that began post-halving, in April 2024, and it’s the highest monthly BTC liquidation among miners since October 2024.

這40％的拋售標誌著2024年4月在久之後開始的趨勢的逆轉，這是自2024年10月以來礦工中BTC清算最高的趨勢。