Oil, gas and mining

Bitcoin Miner Analysis – Who wins this quarter? Oct 2022 Edition.



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#Bitcoin #BitcoinMiners #Argo #CleanSpark #HUT8 #Riot #Hive #Marathon #Bitfarms #corz

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00:00 Introduction
00:51 Story of Risk
01:35 Triple Whammy: Hashrate, Energy and Bitcoin Price
02:04 Argo Grim Headlines
02:33 Marathon Hit Also
03:23 Mining Companies Analyzed
03:41 Miners – YTD Performance
04:35 Bitcoin Issuance (Mined) Per Day
05:06 Mining Difficulty
05:55 As Difficulty Rises – Revenue Falls!
06:52 Public Miners Rapidly Expanding Hashrate
08:03 Public Miner Hashrate: Top 5
09:14 Market Cap/Exahash
09:52 MC/EH vs BTC Mined/Mth
10:50 BTC Mined Per Mth Per Exahash
11:44 Book Value Less Price
12:35 Distance from 52 Week High
13:19 Bitcoin as Percentage of Balance Sheet
14:25 Shareholder Dilution
15:13 Conclusion
15:48 NFA
16:28 Conclusion: Composite Score
17:06 Winner
18:11 Runner Up
19:06 Third Place
19:44 Most At Risk Miners

30 Comments

  1. Obviously it's impossible to analyze every metric just curious if you have done a hard and soft cost analysis for each minor to mine each Bitcoin. There is huge variability some are single digit thousands and others 20+k. Also companies such as Mara have insane executive compensation and a few of them have low executive compensation and also others have lower cost per BTC production costs. And not to be overlooked long-term hydroelectric low cost electric long-term contracts such as bitf.

  2. Very bullish sign. But if we want to consider Bitcoin at 14k for a longer period of time, just to valuate all options, how would miners develop in that environment? Will they move to different places, maybe somewhere where the energy is cheaper?

  3. Nice one James. I've seen a couple little interviews with Zachary Bradford CEO of Cleanspark. Would be very cool if you could get him on for a chat. (It's the only btc miner I hold!)

  4. I love your work. Thank you. I wonder if you can say anything about SOS. ?? I'm already invested in all the other miners but I'm not sure if the hydro power mining that SOS is doing, has any value for the coming year. ?

  5. James, I remember there was some caveat regarding CORZ' market cap or business that caused me not to invest in them but I can't remember what it was. Do you or any other viewers happen to know? Surely a miner with 22+ EH/s isn't worth just 400 million, even in these markets.

  6. Just finished building my BTC node for my personal “self sovereignty” operation & will be building another for my company when I’m confident I can navigate the technology competently! Otherwise, it’s just DCA to eternity!

    Appreciate this info James. I haven’t been on channel of late. Work & forward planning, casting my view on the lay of the battlefield have taken presidents over YouTube viewing.

    I’m just sayin..

  7. Great video as always James. Thank you. Bitcoin, if we all believe in it long term does it really matter what the current price is. I would much prefer for it to below 20k for the next year so I can harvest more 😁.

  8. Your analyses of miners is probably my favorite topic – like a Russian nesting doll revealing much about the industry and environment and mechanics of mining
.Thank you!!

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