The Puell Multiple is a key metric used to assess the state of the Bitcoin mining industry. It measures the daily average Bitcoin mining revenue divided by the daily average electrical cost of mining. A value of 1 or higher indicates that the mining industry is generating enough revenue to cover its costs, while a value lower than 1 suggests that miners are operating at a loss.
More info: https://bit.ly/3YeQAST
More info: https://bit.ly/3YeQAST