According to a recent study by asset management company VanEck, the salary level of US Bitcoin mining executives is much higher than that of their peers in the information technology and energy industry. This is mainly due to generous stock incentive programs, and shareholders are protesting against this. Despite an “aggressive compensation plan,” Bitcoin mining company shareholders have expressed “dissatisfaction” with it, Matthew Sigel (Matthew Sigel), head of digital asset research at VanEck, and investment analyst Nathan Frankovitz (Nathan Frankovitz), stated in a report on Thursday. Researchers found that the average shareholders' approval rate for executive compensation plans was only 64%, while the S&P 500 and Russell 3000 component companies approved about 90%. “There seems to be good reason for this doubt. Mining executives continue to grant themselves excessive equity rewards, which dilute shareholder rights and fail to reliably link compensation to long-term value creation,” they added.