Today we are joined by Anthony Power to go over May’s monthly mining numbers. We discuss standouts like Marathon Digital and Iris Energy, energy curtailment revenues, and predictions for the mining industry.
https://compassmining.io/education/bitcoin-mining-stock-roundup-may-monthly-numbers/
Anthony Power: https://twitter.com/cazenove
Will Foxley: https://twitter.com/wsfoxley
TIMESTAMPS:
00:00 Start
00:26 Cost of BTC production
04:15 Energy contracts
06:35 Self mining updates
16:39 Terrawolf debt vs cost
22:25 Ordinals & curtailment
27:18 Market timing growth
38:41 Weather & temp
46:03 Predictions
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6 Comments
Mara costs include power and hosting – so all the other miners have no equivalent cost as it relates to hosting? The facilities and all the expense that goes into those to mine a coin is do not eating up margins? Thats the story? Power plus hosting compared to power only is the comparison? Seems a bit incomplete and misleading….
Eek! Yah, I hope compass can find cheaper electricity for us plebs! Because 0.079c/kw/h will not be profitable even with your most effective models sold… will you guys ever offer hydro or submersible options? And the s19xp units offline is killing us…. over 3 months spent waiting for my units to be "inspected" and "cleaned" is the worst…
Thanks for the show. Do you guys have any ideas on galaxy digital's plans on mining at the Helios facility (i.e. intended exahash expansion, increased hosting, electricity cost, etc)? Thanks again
@anthonypower9153 (1) Post-halving what does the BTC price need to be when you include “other costs” for the bear case? Understand there’s a big spread due to energy and overhead costs. (2) In the bull case, MARA seems well funded to achieve their 23.3EH target, but CLSK seems like they continue to need to sell stock at depressed levels. Any other company comments? (3) Thoughts on any possible merger activity with sub-scale guys? Thanks
Great podcast Will!!
1) CLSK 2) IREN 3) Mara .. am I wrong?