Bitcoin Stock News | Anthony Power BTC | Bitcoin Mining Stocks | MARA | WULF | SATO | BTBT | SDIG

Bitcoin Stock News | Anthony Power BTC | Bitcoin Mining Stocks | MARA | WULF | SATO | BTBT | SDIG

Welcome to McNallie Money, your daily dose of Stocks, Investments and Personal Finance!

Today we are covering Recent Bitcoin Mining Stock News with the Top Bitcoin Analyst – Anthony Power. Anthony is a Chartered Management Accountant by trade and is known for creating some of the best summary and comparison visuals in the Bitcoin Mining Sector. Anthony Power covers all of the Top BTC Mining Stocks including Agro, Bit Digital, Bitfarms, Cipher Mining, CleanSpark, TeraWulf, Hut 8 Mining, Marathon, Riot Platforms and Iris Energy. Let me know what you think of Anthony’s work and if you are currently holding any of these Bitcoin Miners in the comment section below! 👇

New stock/investing videos posted multiple times a week so be sure to SUBSCRIBE and click the bell icon to get notifications. 🔔

Thanks for watching and have a great day!

#AnthonyPower AnthonyPowerBitcoin #AnthonyPowerStocks #BitcoinAnalyst #BitcoinRanking #AgroBlockchain #BitDigital #Bitfarms #CipherMining #CleanSpark #TeraWulf #SATO #ArgoBlochain #BitDigital #Bitdeer #CipherMining #CoreScientific #DMGBlockchain #Technologies #SolunaHoldings #Hut8Mining #MarathonDigital #RiotPlatforms #IrisEnergy #BitcoinNews #BTC #BitcoinBreakOut #CryptoStocks #Stocks #Investing

Anthonys Info:
X: https://twitter.com/cazenove_uk
Patreon: https://www.patreon.com/Cazenove_UK

Follow me on:

Patreon:
https://www.patreon.com/McNallieMoney

X:
Tweets by McnallieM

Facebook:
https://m.facebook.com/McNallieMoney

Instagram:
https://www.instagram.com/mcnallie_money/

Tiktok:

@mcnalliemoney

Business Inquiries:
Email – brycemcnallie@gmail.com

Merch:
https://shop.mcnalliemoney.com/

Website:
McNallieMoney.com

Affiliate Links:

Questrade – Canadian Trading Platform
https://www.questrade.com/?refid=6087493493bcf

MooMoo – Get up to 17 Free stocks on moomoo. T&C apply:
https://j.moomoo.com/00wnMt

X-Sure – Crypto Ticker – Great Crypto Gift Idea
https://x-sure.co/partner/brycemcnallie

BitBuy – $20 Deposit Bonus – Best place to Crypto in Canada
https://app.bitbuy.ca/en/sign-up/?c=D2ODF0LJJK

iTrustCapital – $100 Deposit Bonus – Invest in Crypto with your IRA
https://itrust.capital/mcnalliemoney

Simply Wall Street – Detailed Company Analysis
https://simplywall.st/plans?via=bryce

DISCLAIMER: This video is not financial advice and should not be taken as financial advice. This video is for information, education and entertainment purposes only. McNallie Money is not responsible for any losses related to the financial decisions made by you. I am NOT a financial advisor, and nothing I say is meant to be a recommendation to buy or sell any financial instrument. I will NEVER ask you to send me money to trade for you. Please report any suspicious emails or fake social media profiles claiming to be me. Don’t invest money you can’t afford to lose. There are no guarantees or certainties in trading or investing. McNallie Money videos and other investor relations materials including web content are based on data obtained from sources we believe to be reliable but are not guaranteed as to accuracy and are not purported to be complete. As such, the information should not be construed as advice designed to meet the particular investment needs of any investor. McNallie Money and its affiliates may buy and sell shares of securities or options of the issuers mentioned on this website at any time. Investing is inherently risky. McNallie Money is not responsible for any gains or losses that result from the opinions expressed in this video or in other investor relations materials that it publishes electronically. If you have any complaints or issues or require additional information please contact brycemcnallie@gmail.com. McNallie Money may or may not have been compensated by the companies discussed in this video. McNallie Money may or may not own shares or equities in the companies discussed in this video. We strongly encourage all investors to conduct their own research before making any investment decision.

Hey guys welcome and welcome back to the channel MCN money home of all things stock investment and personal finance related now for today’s video we’re going to be welcoming back Anthony power yesterday we got a ton of production updates from the Bitcoin mining companies including stronghold bit digital wolf saddle and of course

Marathon so we want to talk about those in today’s video but before we do please take a second hit the like button you guys it’s a big help to myself in the channel if you’re not already subscribed MCN money feel free to join and let us know in the comments section below what

You thought about December production results The increased transaction fees and which one of these miners is your top pick for 2024 now with that being said let’s get into today’s Video okay guys so that’s right Anthony power is back we’ve got a big agenda today a ton of the miners have released their December production results this is year end for most of these miners as well or fiscal year end you guys so big numbers big discussion today we’re going

To kick it off we’ve got five different companies that we’re going to be covering we’re going to kick it off with stronghold digital you guys this is a smaller minor that’s been receiving a lot of attention so I’m curious to get your thoughts on them Anthony and and

Their numbers that they put out for the month of December yeah um strongholds um not a minor I’ve I’ve covered in my analysis in the last two and a half years but I have kept a watchful eye on on their updates and they’ve been growing um

Quite well I actually did an article on stronghold probably about 18 months ago um which highlighted what they’re doing with the um the the waste from from the coal from the coal fields and how they were um utilizing that to create um energy and restoring the the land back

To Greenfield um and done some amazing things so it’s very very positive article um um maybe we can drop a a link to article in in in the comments below um so that people can have have a read about that but it was a good it was a

Good good piece article for Bitcoin and highlighting what Bitcoin is doing for the environment and not all the sort of like the the the the fud that comes out um from certain aspects of the um from certain aspects of the space but uh yeah going back to their uh update for

December they mined um 207 Bitcoin um and they also um as part of their revenue stream they can they can um sell energy and they also received about $400,000 in energy Revenue so if we look at that from a total perspective their income for um December was 8.5 million

Which was its highest um in the month um for the year of 2023 and we’re going to see that theme for a lot of miners um in December because we talked about this in a previous podcast the amount of fees that were achieved by miners for the majority of days in December was

Significantly higher so you know miners were getting effectively close to 20% more fees um than they would have done in a in a normal month and that fees equates to bitcoin so the fact that the Bitcoin um difficulty ratio went up by 6% which means that miners would generally mine

6% less Bitcoin on an evil even playing field the price action and the fees meant that these miners have been doing really well and stronghold showed that they had even with the difficulty they had um a higher production in December than they did in the previous

Month um and so yeah so it’s good I think we’ve already talked about um their recent purchases of miners so um they they you know they they purchased an another 5,000 Bitcoin miners back in December and for about 8 and a half million and that gives them an extra 600

Peta hash so I believe the last reported pet has was around 4xa has so that gives them 4.6 exra hash and that’s moving them in you know into that mid that mid tier of miners there so you know certainly moving away from the from the

Lower end of the you know the M Market and and moving into that mid-tier market debt still an issue for stronghold um but with the price action of Bitcoin at the moment that’s probably alleviating the the position um and um yeah if the Bitcoin price is

Is now as we go through the harving it puts them in a you know in a in a stronger case to have a little bit more Runway but yeah good update from stronghold yeah most definitely it reminds me of the investment quote a rising C uh lifts All Ships or lifts all

Boats but it’s great to see uh the balance sheet stability and strength that the increasing bitcoin price has on these companies hopefully we get some big ETF approval tomorrow I’ve got my fingers crossed here Anthony and really cool to see some of these smaller miners kind of graduating into that mid tier uh

Don’t be worried you guys we’re going to talk about some of the big boys Marathon specifically at the end of the video so stay tuned uh this is not just focused on the mid- tier miners but really really great update from stronghold digital s dig is the ticker symbol on

That one and actually Anthony where I’ve been seeing a lot of comments and and buy recommendations and stuff on stronghold digital is in some of the patreon comments so I know you launched your patreon Rec this week uh we introduced it yesterday on the podcast we were able to double your active

Members in a single day so uh really exciting stuff but maybe just throw in a quick word about the patreon for people who missed out yesterday yeah so um I’ve been providing this analysis on social media now for about nearly three years and all been provided you know effectively free of

Charge now to maintain that level of provision um you know got to sort of pay the bills and you know um give me uh enough resources to do more than what I’m doing at the moment so that’s you know to try and drive more fundamental analysis I I don’t tend to do the

Technical side of things the you know the future graphs and all that but I do do the fundamental analysis and um you know what people have seen in the past will be you know what they see in the future but a lot a lot more and um

There’ll be a lot more interviews with CEOs where we can get questions to those and find out what’s going on with the companies so there’ll be a lot lot more um aspects for the patreon itself so yeah I mean we’re literally 48 hours in I think

We’ve got over 50 members already and um yeah let’s let’s see that that that grow um and have a and have a good community in there but there’ll be a lot of access to people um ahead of things going out publicly so you know that’s one of the

Benefits of the patreon certain data will you know will be for the patreon uh before it even gets released in in any format outside of the patreon so they’re getting they’re getting an advance of of whatever people are seeing so you know that might help them with their due

Diligence give them a little bit of a head start of where to look um again you know it’s not Financial advice but you know if you’re starting to look into Bitcoin mining what I provide is a first Port of Call and then you know you take that further and do some more due

Diligence but yeah looking looking forward to um seeing that membership yeah it’s good stuff I’m in there and uh hopefully we can get you up over a 100 members here Anthony was telling me the price of gas in the UK you guys and if you knew the price of gas there you’d

Want to give them a a follow on the patreon because it’s absolutely uh crazy now enough with that Anthony moving along here we’ve got bit digital btbt is the ticker again December production this is another one of those miners that’s moving up the ranks month after

Month what did we see from bit digital so bit digital produced um a great update for December I mean every aspect of their update was very very positive so we we we advised um in the last few podcasts um where they um started to receive their servers for their he high

Performance Computing service that they’re going to provide and those have been received in Iceland um we’ve they’ve already received um 192 servers uh 64 already operational and the rest are going to be active in by the middle of January sell so that’s going to get the HPC they’re already

Starting to receive revenues in advance to that service that’s great news for for bit digital to have the first big customer in place of all the Bitcoin miners who got HPC from a Bitcoin mining um perspective they increased their hash rate by 12% during the

Month um and we we we talked about the number of machines the two and a half thousand machines that were being brought in those machines have been brought in in December plugged in so that increased the hash rate by 12% their actual production their Bitcoin mining production um was at 169.50 for

The month that was an increase of 19% on the amount produced in November and if we look at what they’ve hled they’ve hled a significant amount of their production uh for December and um they’ve only sold 22% of what they produce so their their Bitcoin hodle now

Is at 642 .6 Bitcoin that’s an increase of 26% on the previous month and if we look at that in terms of value so not only is the Bitcoin huddle increase but the price of Bitcoin increased during December the Huddle value is a 41% increase in what they had at the end end

Of November so that’s a significant increase so as the harming approaches in less than 15 weeks the company’s total treasury including crypto has increased um to 85 million and that’s an increase of 21% on the November figure so every metric for them um really positive for December um yeah looking really good and

They’re and and they’re on track to raise their their hash ratees um this year uh F further again so you know good numbers in grow strategy high performance Computing good update yeah very good update we had uh Sam tabar the CEO on not too long ago I got to say I

Was really impressed he asked me why we hadn’t invited him on earlier to the channel bit uh bit digital was one of the last companies where we didn’t have a CEO interview on file and uh I would definitely encourage everyone to go check that out Sam said he’ll be back

Throughout the year so we look forward to those chats as well now moving along here uh next up is Tera wolf this one very similar to Marathon has almost developed a cult following uh I’ve coined the word Wolfpack Anthony that’s my new hash T so everyone who’s a wolf

Fan let’s see the Emojis down in the comment section this is a really fun company to follow and watch again we’ve had Paul and the team on previously to the channel uh what was your take on Wolf this month yeah well wolf again another good update um you know Min 334

Bitcoin um that’s an average of over 10 a day and you know they one thing they do you know better than most is they’ve got a really good um Power an energy cost and you know they can produce that Bitcoin at about 11,000 or just over

$11,000 a coin so that’s um you know that’s you know as we’re going into that harving they’ve got a good energy rate going into the harving there because we know come April the cost to minor Bitcoin will literally double overnight um so during the year 2023 they’ve mined a total of 3,41

Bitcoin and they’re not stopping there they’ve just um come completed the uh build of building three and operational and they’re going to deploy 185,000 s19 J XP miners in February 2024 and that will grow their hash rate from the current 5x has to a total of 7.9 X

Aash and they’ve also at the same time they’re starting the construction on building four and when building four is complete and fill with miners that should take the hash rate up to that magic um double digit 10 xash a second um putting them certainly in that sort

Of top tier of miners and we using that 10 xash as a sort of like a benchmark now um for those miners wanting to break into that top tier with the likes of you know Riot likes of marathon the likes of clean spot likes of core scientific and

A number of miners who’ve got orders in to get over that 10x aash um is growing as as each month goes by um another good point to remember about um wolf was during the month of December they were able to repay around $14 million of debt

Using the extra cash generated in Q4 uh with the Bitcoin price Rising so that will please shareholders because that was the one area of concern for the company they did have um in excess of 100 million of debt on the balance sheet and most of it was in in shortterm debt

So um a significant amount required to be repaid you know within the next 52 weeks at the last um 10 Q which was um as at September the 30th um they’ve also highlighted that they’ll pay an additional 11 million in January 2024 so that’s 25 million uh reducing their debt

So that’s a good point that’s you know Sher be pleased to see that um announcement as well and they’ve also announced that they’re um expanding the high performance computer um project supporting um you know gen AI in 2024 so that’s another minor that’s looking to move into

HPC and um you know that number’s growing now I mean initially it was really you know the likes of Hive digital and hut eight and both of those companies had significant amount numbers of gpus so it was a a natural progression into that sort of business

Model but then we’ve seen the likes of Iris we’ve seen bit digital now we’re seeing wolf and you know it won’t be long before some of the other miners realize that maybe the the potential margins to earn in the HPC space where there isn’t the requirement for the for

The level of energy used um as it is for Bitcoin mining but the margins are really good and if you look back over your podcast with the CEO and the chairman of high digital that podcast will explain the levels of that of of revenues and margins that this type of

Technology can generate and they are significant when compared to the sorts of eight or 10 cents per terahash that Bitcoin mining currently achieves so yeah good update from from ter wolf yeah I was going to say uh we’re covering Hive and Riot tomorrow we just had too

Many miners come out uh this week with production results great to see them all coming out early though I was really happy with that so we’ll talk about that but you’re exactly right Anthony The Hive interview really explains some of the benefits of of the margin associated

With HPC so I would encourage you guys to take a look there um the other thing I wanted to mention we’ve got sat coming up interesting fact about sat or S technology the name comes from Satoshi and I don’t know if it was just me who missed that one or not but uh

Interesting fact of the day so sat technology another one that came out with results here very encouraging if it feels like this video is a very upbeat positive video it’s because it is bitcoin price is moving uh Network difficulty is increasing but we’re seeing those transaction fees offset or

More than offset and generally the share price of a lot of these miners has been doing really good so this definitely is a more bullish focused video and with that being said why don’t you walk us through the stto Technologies update as well yeah again you know another

Consistent update from sat technology um they are one of the smaller miners that I have in my table of analysis but you know being small it’s easy to look at what they do and what they do is they just do things in in a good way so you

Know they’ve only got literally um just over 500 petahash so less than half an ex aash um and we should compare to like you know the likes of marathon who have probably got 50 times that level of computer power in their facilities um but then you look at what SAT produced

So they produced 38 Bitcoin in the month of December their revenues they produced were at 1.6 million and that’s a 28% increase on the previous month they managing to huddle so they’ve got a huddle of 40 um they sold 41 in the month of December to help them pay for their

Operational um costs and they’ve got um they produced um 71.8 Bitcoin per xash in that sort of metric and at the moment that’s you know looking at what the miners have released their data that’s that’s in the top three of of of miners up to now so again

Small minor but do everything really well um from a treasury perspective their cash uh an equivalent and their hodle um equals just under $3.5 million and that’s a 19% increase on the previous month so again they’re benefiting from the increase in bitcoin price increasing fees generated um from

Mining at the moment and you know we’ve seen even some of the early days in January some of those fees are still a little bit higher than normal so again it January could potentially be another good month the Bitcoin price today sort of got back above the 44,000 level so

That would be good for miners again you know it’s at the higher end of where it’s been in the last sort of 12 months so yeah good update from from from sat great and another company benefiting from the higher fees uh we saved it for last Anthony Marathon so this is for all

The mara pigs out there the mara fan club phenomenal month for the month or sorry phenomenal month for marathon and put up some huge numbers in excess of 1,800 Bitcoin mine so Anthony uh let’s take her home here and talk about Marathon yeah so you know I mean we’re

Talking significantly breaking their um Bitcoin mining records so 1853 Bitcoin in total produced in December and if we look at what they produced um for the year um 12,852 so just shy of 13,000 Bitcoin for the year um they’ve increased their uh operational hash rate um to 22.4 EXA

Hash they’ve actually got um 24.7 xash energized in December um but because they weren’t operating um at 100% in in their facilities their their average operating hatch rate is 22.4 so they’ve lost about just over 2.3 xash in in potential downtime um and most of that was at the

Garden City site where they were achieving around about 80% and Garden City if we remember from November has only been recently energized and switched on there so there might be some initial tweet tweaks going on there some testing potentially um so you know January itself could be a really good

Month it looks like their joint venture in Abu Dhabi they’re now showing 1.4 ex aash which is there 20% of the of the uh stake in that joint venture in Abu Dhabi so it looks like that’s up and running at full capacity and they’re also operating in South America as well

And a project there that’s just you know literally just started uh recently um in terms of um Bitcoin um sold they sold uh just over um 700 um4 Bitcoin in a month which meant they could take their hodle to a total of 15,170 Bitcoin and if we convert that into um a

Value as at the end of December the value of that Bitcoin hoddle is just short of $650 million um thean company also announced that they’ve got um approximately uh 357 million in cash and cash equivalent so if we add that to the hodle you’re looking at a figure of

98.5 million in cash equivalent and Bitcoin hoddle as at December 31 and as we go through to the Bitcoin harving that puts him in an extremely strong position um also from the balance sheet we know that they were able to reduce their debt um which was originally about 700 million down to

About uh 300 million and so the balance sheet strengthened then but this sort of level of um of Treasury is um is not compared with any of minor this is this puts them out in a really really strong position to take advantage of any potential um Market transactions going forward so so

We haven’t had a um a big order in recent months from Marathon we have had orders from some of their peers so we’ve had massive orders from right platforms we’ve had big orders from clean spark Iris energy bit Farms Terror wolf um and you know we

Might we might see in this early New Year now something along the lines of marathon putting in an order they certainly got the the um the finances to do that and they are really geared up to you know to get to where they want to be

And and I think their next Target is 30X that’s another just just under another 5 xash to reach that Target and you know looking at how what they’ve done in the last few months is you know get to that Target of 23 um3 in the US which was a

Target of probably you know 12 months ago let’s be honest it was a it was a previous Target um and they had some issues with ses but those have been rectified now they probably learned a lot lessons from those and 2024 to get to their to their next level

And further on I don’t expect them to stop at 30X as not when their peers are already looking at further on than that so wait for the update to come out from from Marathon um it will be a big update they’ve got a massive cash Reserve there

Um to fund that to fund that um growth yeah a big month for Marathon a billion dollars on the balance sheet never heard anyone going into a time of uncertainty or the having and I too expect their they’re could be some uh announcements in the near future there but a

Phenomenal month for marathon and a really interesting point you bring up Anthony when we compare them to some of the smaller miners like s for example uh there’s pluses and minuses to both right when you’ve got a smaller operation it’s a lot easier to control and and keep

Eyes over everything however you may have some some trouble with balance sheet strength stuff like that on the other side of things Marathon phenomenal balance sheet but I know firsthand from working in a big company the more facil ities operations production people involved it just becomes more complex

And I think they’re doing a really good job of of maintaining and managing that uh that massive Beast of a company that marathon’s become I know Fred is is becoming somewhat of a celebrity now uh on CNBC the other day he’s been on the channel too and as uh the CEO and leader

Of the largest publicly traded Bitcoin mining company in the world going into 2024 I think he’s going to receive a lot of attention so uh shout out to Marathon for for all of you who follow and invest in that company let us know in the comments section below what you thought

Of not only marathon’s results but all of the other companies we talked about today tomorrow should be a massive uh event either way for the Bitcoin mining Community that’s the pending ETF deadline expect to see a decision one way or another so let us know your thoughts there if you’re still watching

You guys hopefully you found some value make sure you hit the like button follow the channel or subscribe it’s free to do and in addition make sure you jump into an ‘s patreon because there’s a lot of value a lot of good discussion in there as well Anthony thanks for your time

We’ll talk to you again soon thanks H Bryce