The cryptocurrency mining business imposes a strong demand for the semiconductor industry products. I find a positive association between the MSCI worldwide semiconductor index return and crash periods of the cryptocurrency market. This association is absent for the boom periods and other MSCI...

This paper investigates the unclear costs and benefits of the cryptocurrency’s spinoff. I find that the Bitcoin and Bitcoin cash spinoff (or hard fork) produce negative average abnormal returns unlike the corporate spinoff. In addition, I observe that cryptocurrency miners experience a...

This study investigates the impact of cryptocurrency mining on the technology sector as mining imposes a strong demand for semiconductor products. I find a positive association between the return of MSCI semiconductor index and the crash of the cryptocurrency market. Moreover, there is a...