比特币（BTC）采矿公司应持有其开采的比特币并将其用作抵押品

比特币（BTC）矿业公司应持有其挖掘的比特币，并将其用作菲亚特计价贷款的抵押品，以支付运营费用

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.

在比特币（BTC）采矿的高度竞争格局中，公司应优先考虑将其挖掘的硬币作为菲亚特计价贷款的抵押品来支付运营费用，而不是出售BTC并放弃潜在的收益。

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的采访中，格洛弗强调了保留BTC的几个优势，包括预期的价格升值，延期资本利得税以及通过在公司国库中持有的BTC来产生额外收入的前景。

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.

这种基于债务的方法类似于诸如战略之类的公司，该公司从事公司债务和权益，以促进比特币收购并利用BTC与用于资助公司资本的法定货币之间的不同价格基本面。

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.

对比特币支持的贷款可能是导航高度竞争产业的矿工的重要资产，这是由于特朗普政府的贸易保护主义贸易政策和宏观经济不确定性所带来的贸易紧张局势越来越压力。

Trade war places even more pressure on beleaguered mining industry

贸易战给陷入困境的采矿业带来了更大的压力

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.

比特币矿业行业通常以激烈的竞争和资本成本来升级，随着矿工部署更强大的计算资源来挖掘区块并维持网络安全性。

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.

特朗普总统强加贸易关税对已经竞争激烈的部门产生了影响，CCXV的报道涵盖了比特币（BTC）价格分析，韩国经济日报的新报告以及亚洲的详细信息。

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.

这场贸易战给陷入困境的采矿业带来了更大的压力，因为它以宏观经济的逆风促使资本成本上升，这促使矿工促使矿工清算其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.

根据Theminermag的说法，2025年3月，矿工共同清算了超过40％的采矿供应，这是矿工出售的以支付运营费用。

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.

这40％的抛售标志着2024年4月在久之后开始的趋势的逆转，这是自2024年10月以来矿工中BTC清算最高的趋势。