Top Bitcoin Mining Stock News Today | April Production Results | WULF, CLSK, CIFR & SDIG

    hey guys welcome or welcome back to the channnel MCN money the new home of power mining analysis in today’s episode we’re going to be covering April production results from Tera Wolf clean spark and we threw Cipher into the mix for you this week in addition to that we’re going to be covering what appears to be the first m&a activity post having as stronghold digital puts himself up for sale on the public markets we’ve got a lot to go through in today’s video before we do though take a second smash the like button you guys it’s a huge help to myself the channel Anthony absolutely loves it if you’re not already subscribed MCN money feel free to join and let us know in the comment section below if you’re currently holding any of these four companies what you thought about April numbers and your outlook for the mining sector in the remainder of 2024 now with that being said let’s get into today’s [Music] video okay guys so that’s right today’s video we’re back from the world of live podcast we’re going to be doing a standard video here for you today but we’ve got a lot to talk about nonetheless so we’ve got production results out from three of the big companies we cover on the channel Anthony we’ve got Tera wolf so obviously the wolf packs going to be happy to hear about that clean spark and we decided to include Cipher this month just to switch it up a little bit so a lot of activity there then we’re going to be shifting gears we’ve got what looks to be some of the first moves in the m&a space post having Anthony as uh stronghold digital has actually puts up for sale on the public market so interesting to get your thoughts on that one as well in addition to that you guys we’re going into q1 earning season here so starting next week on Monday we’ve got I think now 11 or 12 CEO interviews lined up Anthony to talk about q1 this is going to be crucially important for these companies as this was the last quarter prior to having and we saw those all-time high Bitcoin prices plus a lot of those transaction fees so very interesting Dynamics going to be coming out next Monday we’re kicking it off with Griffin Tuesday we’ve got Riot followed by DMG on Wednesday core scientific on Thursday then we’re taking a break on Friday Anthony we’ll be back with a whole new set of interviews the following week so take a look at the uh picture here the calendar you guys Mark these down whichever the companies you’re invested in make sure you get questions over to us we’re happy to submit those to the CEOs just get them over a couple days in advance Anthony I feel like I just set a mouthful there how are you doing buddy how are you feeling today yeah feel feeling good today bit bit Green Day today for Mining stock so um yeah positive yeah yesterday was quite a yo-yo hey it was my account was up huge down huge uh up huge and then back down huge to end the day so it’s nice to see as you say Anthony some green shoots here coming through uh for a lot of the companies we cover core scientific specifically I just saw up 9% today so very strong showing for them but before we talk about some of the other uh stock performance here let’s get into ter wolf Anthony we want to hear from the wolf pack below you guys what did you think about the results Paul Prager looking pretty good now in terms of the daily selling Anthony as we see the price of Bitcoin starting to retreat these guys have been able to take advantage of those highs we’ve seen each and every day as they sell into the market what did you think about ter wolf last month um well we couple of things we we know with the harving it you know production was going to be um you know less than the previous previous month it was just case of by how many it wasn’t as as bad as probably people anticipating because those transaction fees and those three or four days post the harving which were which really kept the um the revenues coming through for some of these miners on some of those days it was higher than pre harving so they really benefit for a few days but now we’re back to as we discussed on the live podcast yesterday where know hash rate prices you know hovering under $50 per pet hash per day but um ter wolf mind 348 Bitcoin at their two sites you’ve got Lake Marin and the Nora site so 348 in total um compare that to um you know to March um they they Min 379 so you know not massive about 8% um down in total production bear in mind the you know the harving occurred on the 19th of April so you know 2/3 into the month you’d expect that number to be low so there was a bit of benefit there um in terms of uh revenues uh 23 million um dollar 23.1 million um in March itself it was 25.5 million so um and bear in mind teral sell on a daily basis so even though the Bitcoin price uh finished 15% down on the last day of April with them selling on a daily basis they made the most of the of the revenues of each day um during during that month and you know we’ve had this discussion before about those mining companies that um you know huddle uh when the Bitcoin price is rising it’s it’s great news I mean you know the revenues increase um you know the balance sheet position increases and you know that that increase goes to the income statement um but when the when the Bitcoin price drops those companies that are selling on a daily basis they come into their own then and so you know uh terrible Revenue will be somewhat um better than you know uh coin for coin and a lot of the other miners that are going to announce their monthly updates um in this month um so with regards to um you know um the hash rate they operated at um at 7.8 as an average hash rate which is slightly less than the 8 x has in total so it’s like the first four month at 8 x has but they they’re operating slightly lower than that um they’re making great progress with um building four at Lake Marin and once that comes online middle of 2024 that gets them to 10x a hash so um you know that’s you know that’s that’s that’s their plan they’ll they’ll get to that plan and then there’s further growth um during the rest of the year they’re also moving into the HP HPC space as you know one of many miners in you know in in this industry doing this to secure those you know guaranteed monthly revenues and they made a commitment of an initial 2 megawatt blocks of power which which you know 2 megawatts doesn’t sound um a great deal bear in mind you’ve got Lake Mariner at 160 megaw you got the noress at 50 megawatt so they’ve got 210 megaw um you know in power supporting the Bitcoin mining two megawatt supporting HPC if you if you look at what um bit disal are doing with regards to their three megawatts and they’re bringing in $50 million of Revenue 2 megawatts brings in a significant amount of Revenue so you know don’t think about 2 Megs being a small amount it’s an enormous amount of power for HPC it doesn’t HPC doesn’t require the same amount of power that Bitcoin mining does so by allocating that that sort of like small percentage of their power available to HPC um you know they can deploy thousands of the latest Generation Um gpus um you know at the site um and you know that the the fact that they’ve got um you know great um power up power up time um you know it’ll be it will be a good project for them to to start rolling out but um yeah overall a very very good very good report I mean even looking at some of their metrics the Bitcoin um per ex aash metric for April um it looks very good compared to some of the miners that you’d expect to be at the top so we had um bit Farms on yesterday well Terribles metrics come out slightly ahead of them at the moment so you know Vine for maybe you know at top PR position their terrible this month it’ll be interesting to see when all the results come through but yeah overall a very good report looking really good yeah they’re I guess following the 1% allocation as we’ve seen in the uh the Bitcoin ETFs in the HPC realm as well Anthony with two out of uh 210 and you got to give credit where credits do um Paul and team they made it very clear that they have hope and they have faith that the Bitcoin price will go up just like most of us but you can’t run a business on Hope and Faith and they want to book those concrete revenues day in day out and like you said Anthony in April on a on a coin per coin basis they’re going to see a higher average overall sale price um so kudos to the team very strong month and uh looking forward to see how things progress here now post having so moving along we’ve got clean spark another strong performance uh compared to where I was considering they would land for the month Anthony again an odd 2.88 sales of uh Bitcoin but other other than that pretty much a full 100% hudle this month how did you think the team at cleanspark performed yeah I mean um you know cleanspark of of you know the only the only stock with a a positive share price um in 2024 um and sort of competing with the the the Bitcoin price in terms of year-to dat Rise um so over 17x has now they declared 17.3 as their oper as well their current hash rate um as at the thir of April they mine 721 Bitcoin during the month and they they hold everything the 2.88 Bitcoin that they sold is effectively um Bitcoin that goes to their to their um senior um directors in the company as part of their salary compensation package and we know that’s occurring on a regular basis there but all that information’s um available online for those people that want to to review that them sort of that sort of information um so the hodle themselves you know they they’ve grown this hodle in a very short space of time um the hodle now is at 5,739 Bitcoin their efficiency for the mining machines you look at you know they’ve been getting the most up-to-date mining machines we’ve just seen that massive order go through um for the T sorry The S21 Pro which is at 15 jwes ter that will be arriving in the next month or so um to you know to start getting their hash rate you know as where they want to position it by the end the 30 too and that machine’s at 15 Jews of ter well the the fleet efficiency at the moment is probably now um challenging Marathon as as to be the the um the best efficiency of of a mining Fleet and they’re at 24.2 two um as we speak in terms of in terms of revenues for the month they brought in 43.7 million so that’s an extra 20 million um on top you know uh from what Terrible’s brought in um you know the the the the the Bitcoin mining per day um is at 23.3 um and it was 26 in March so a slight a reduction of about 10% but again it’s the same you know the same the same issue is the the harving is you know is now meaning that miners are getting less and that and and unfortunately these numbers will drop um again come come the end of May because you know you’re going to have a full month at the post harving rate um of rewards and we know with the transaction fee set down now to between 5 and 10% of the reward and the rewards being 3.125 Bitcoin every 10 minutes um that’s going to drop so the miners will be hoping that you know an impact on the the Bitcoin price might be able to help them with the with the revenues or another shift back into transaction fees and we’ve discussed that you know transaction fees aren’t a fad they’re they’re probably here to stay a bit longer and and and they will probably have to be more you know um you know dominating the reward position than just the Bitcoin rewards um so we’ll see that go well but but um you know you can’t argue with with um you know uh clean Sparks uh growth over the last 18 months you know market capitalization growth over the last six months um and uh yeah another another good update from from clean spark yeah I thought so as well Anthony and good to see that hoddle continuing to rise it’s hard to imagine uh trying to huddle thousands and thousands of coins now in a POS having World um so I’m glad that clean spark was able to put some of those away another company that was actually able to huddle everything this month or April I guess is cipher so this is one we’ve been getting a lot of requests for Anthony we thought we’d include them in this month’s coverage in terms of their production uh 100% huddle at Cipher as well obviously less production overall than clean spark um but another fairly strong Contender I thought yeah um so you know again you know that the operating hash rate um you know at 7.7 it’s been slightly increasing during the year um there’s not a lot of growth in 2024 currently for for or in the plan for Cipher most their growth occurs um when they get their sites uh completed uh their big site in Texas completed uh next year and that will that will then sort of like take them you know probably more than double where they are at the moment in terms of hash rate so you know they’re they’re they’re doing it sort of like in a more more phased approach I mean bear in mind some of these sites when you when you when you’re building your site yourself some of these parts for the site the some of the power parts of the site take up to a year um you know in advance to order so you’ve got to be really you know um planning these things well in advance of when you require them because the lead time on on certain items is really long um the actual building of the of the site um you know can be done really quickly and we’ve seen you know what um you know some miners can do we saw you know we talked about Argo when they built the Helios site they did that in seven months 200 megawatt facility from scratch from breaking ground we’ve seen what the pictures from CHS uh where iron are are are are ramping up their um size there and you can see these facilities going up these 20 megawatt facilities going up you know sort of like literally every month now and they’ll have to continue to do that to get to the end of the year um but um you know Cypher have got 70,000 deployed rigs they’ve got a hudle now over 2,000 so that’s that’s approaching sort of like where you know a few hundred behind where High digital are at the moment so there’s a group of miners probably seven or eight miners who who who are starting to hoddle um more more and more of their production they obviously firmly believe the Bitcoin price um is going to go further from where it is at the moment and um as we see these results come out and we talked about the right result yesterday um you know Riot um benefited by 235 or 245 million um in terms of valuation from their huddle in their in their quarterly um earnings update um so so all these miners that are going to be releasing their results in May um we’ll see a lot of green um in these results because the Bitcoin price was 42,000 at the start of the um period and finished at 71,000 at the end of March and so these results cover that period there and so there’ll be a lot of you know there’ll be a lot of green I don’t force see any of the miners to be to be coming in with with any losses in that quarter um and then it’ll be interesting to see how they manage post post the harving so um and I was going to say Anthony the issue with that is it sets a very high water mark right out of the gate right it’s going to be very difficult to match q1 however q1 should show a lot of upside surprise for a lot of these companies so a bit of a double-edged sword there Q q1 q1 will will be one of one of the best quarters for the year because obviously you know it had um the full full rewards of 6.25 um it really depends on the Bitcoin price so you’ve got another eight months of the year left and we know in previous uh Cycles the Bitcoin price has rallied around the month four month four uh month five post harving so you know if the you know we as I say we don’t put any predictions where the Bitcoin price is but if you look at some of these analysts where they think it’s going to go in the next eight months um you know we’re all going out there and ordering Lamborghinis you know um so these miners will be hoping for that um and you know it we we’ve seen a lot of sim you know a lot of similarity a lot of of correlation with with with what happens in these cycles and uh you know very very similar as I say I don’t cover the technical analysis I I I just look at the fundamentals but the are people out there you study it and can talk about it equally in in a measured way than I talk about the fundamental analysis so I’m not saying you know there’s no there’s no room in that there’s plenty of room in this space for both and but I don’t predict anything and I know you don’t Bryce and so you know we’re happy to let these other people predict and then we’ll probably do a podcast you know outlining how their predictions went at the end of the prediction so I already put a down payment on my Lamborghini though Anthony I already pre-ordered the thing so I hope uh these predictions are right but who knows yeah um so yeah n nice uh month for Cipher now moving along Anthony this is something we talked about a lot m&a activity post having um specifically our prediction was kind of more in the private sector as some of these distressed assets maybe they didn’t have access to Capital they couldn’t upgrade their fleets so on and so forth uh now we have stronghold digital who’s essentially come out and said hey they’re open to offers uh essentially putting them themselves for sale on the public market what did you think about this move Anthony do you have any potential buyers in mind I know we’ve talked about the marathon bit farms uh acquisition debate who do you think could be picking up stronghold these days um it’s an interesting one stronghold um I mean I wrote an article on stronghold about two years ago one of my first articles for Compass M na was on stronghold because what they do is they use uh waste coal um to create energy and then they repurposed the land where that waste coal was so they turn it back into green sites um so they do something that’s really positive for the environment so it was a really good a really good article to write and put Bitcoin mining you know try and take some of the foot out of the um out the messaging that goes out there by certain um areas of the of the media and and and certain other industries that want to sort of like you know put Bitcoin down continuously so it was good to that article um they have got debt I think it’s you know I think it’s around about $55 million in debt on the balance sheet and they just released their um and they just released their their numbers actually so you know the the balance sheet itself if you look at the um shareholder Equity of the balance sheet it’s actually um you know it’s about 62 million um so what that means is that the market capitalization is only 46 million today so um this is one of those companies that’s got a a a better Book value than the market capitalization so if a company was able to go in there and pay and pay uh you know 46 or 50 million for them if you know and bear in mind as soon as you start uh jumping in and going for these companies you’ll pay a premium so you know but even you put a 30% premium on that 46 million um you’re still going to get you know around about where the assets are so you’d be getting the Assets Now this is interesting stronghold got four exra has of of hash rate so that’s not far short of where hiar um you know H at 4 .7 probably going to get to five this month but they’re at 4.7 at the moment sh are at four so it’s not that far away from the size of hives mining operation as well and you know I suppose if you’re a one of these miners that wants to get to a significant level so he talked about those four yesterday and actually can put with Marathon going to 50 you can put them in that bracket as well now they just changed their target from 35 to 50 so they automatically go into that bracket where you know they’ve got a significant um Gap to fill this year I think it’s 21 ex aash and uh you know we we’ve talked and we won’t be discussing any more about potential bit bit Farms to fill that cuz it’s just ludicrous but um but clean Spar going to 32 Riot going to 31 and a half growing you know nearly 20x Ash bit Farms growing to 21x hash from Seven at the moment with eight months to go iron at nine approaching 10 have to double the 10 in the next eight months as well um you can you can discount iron they’ve got their own site you can discount bit Farms they’re growing into parag U you can discount uh Riot because they’ve got corsy car the largest um site in the world um but then you can start looking at Marathon and clean spark and this could be one of those projects I mean we we know we we know that clean spark we’ve got 20 25 options on the table um who knows if this is one of those options you know it gives him 4X has really quickly in terms of um you know operational uh facilities uh you know um and you know they’ve cut massive orders in for mining machines so they could probably replace some of the older machines I don’t know what the makeup of the stronghold mining mining re that was going to be what I asked what’s their Fleet efficiency are they I don’t know what the fleet efficiency I I I it won’t be I I know they they had an order I remember their order coming in in December 2021 when they ordered s9s and paid $80 a terahash for these s9s and they arrived in 10 days time you know in those days it was a 9mon lead time to get miners but they managed to pay more money but get them quicker and what they didn’t envisage was the Bitcoin price was going to drop from the end of 2021 all the way down to 15,000 in 2022 so not you know in hindsight and it is hindsight you know all these mistakes that miners make are you know with great hindsight you can you can say you can do something different there’s only a few way you think actually they could have done something different there beforehand um a lot of them are sort of like you know trying to determine one the best time to do something is and stronghold you know I spoke to miners um at the conference this week about stronghold doing that deal and saying actually it did make sense at the time when they bought those miners if the Bitcoin price would have held it sort of like in that 60 70,000 bracket they would have had seven months or eight months of mining before they would have expected to receive the miners on order so they could have they could have actually worked back and earned them revenues to to effectively get the return on investment that they would not have had with no miners for eight months so it wasn’t like uh we’re just going to pay over the odds there was method in the sort of like in what we will now look at as Madness like you know um but there was you know there’s real method at the time there and you can understand it and a lot of the cosos I spoke to about it um was saying exactly the same thing it was it was probably you know a good a good deal to do at the time um bear in mind you know Riot and um and Marathon were buying mining rigs in 2021 at about 30 $30 a terahash so when you’re paying 80 um that’s a that’s a bit of a jump that is even if you are going to get them within 10 days well it just goes back to the volatility in the sector right Anthony it’s it’s very rare in another industry to have an underlying asset like this that can change price that quickly either up or down um and as you say hindsight is 2020 but at the time you got to do what you got to do right well just just to yeah and Ju Just to just to you know just I we’re not going to cover the the earnings in any great detail but you know they made um an a a profit of just under $6 million um for the first quarter so again you know we talked about these mining companies becoming Green in the first the first quarter um you know here’s stronghold and bear in mind when you’ve got um you know $55 million of debt on the balance sheet you know that’s costing you you know a significant amount um you know of interest that you have to pay on a on a regular on a regular basis um you know so the interest payments in that first quarter with with $2.2 uh million on that on that on that 55 million so if you looked at that and extrapolated that for a year that’s sort of like $9 million on 55 million so you know um you can say that’s probably 17 18% um interest rate there something like that along them sort of terms so you know even with a significant debt for sort of like what I’d say is a you know um not a small minor but you know getting close to that mid mid- tier Miner you know you look at 4xs now you probably say they’re a mid-tier miner with 4X a hash although all the all the numbers seem to be going up because we’re just we’re saying at the moment you know to get into that middle group now you want to be aiming for 10 xash and then 20 xash plus is getting you into the top tier so you know four might be determined as small but it’s not it’s not a totally small minor there there are a lot more minors lower than 4X hash you know probably about 20 minor out there public listed less than 4X hash um so um this could be it could be an option it could be an option it it you know marathon and clean spark have got to get facilities they’ve got to buy facilities they can’t they can’t build them they haven’t got the time to build facilities now and because they have to order all those parts and those those power um the power parts will take a year in advance unless they can pick them up by doing something like this um this might be you know an option for for another minor to pick up something where you’re actually not going to pay overly a premium price for it you know well you got think Anthony the timing right stronghold knows q1 is going to be a good looking quarter they’ve got everything polished up ready for sale but like you say with these large companies cleanspark they’ve got a lot of machines on order that they need to put somewhere so they may also be looking for companies that have got older fleets that they can go replace right out of the gate right yeah yeah know AB absolutely um and you know if you think about if you know if you think about another valuation metric you can look at for stronghold would be you know what is their value per per um per per Terra hatch or per you know per XX like that you know it’s 25 if you add on the debt and take away the cash um you’re probably heading towards an exible value of about R about 100 100 million um and you’ve got four xash for that so that’s 25 million per ex aash and look at sort of like clean spark at 4 billion divide that by the seven you know say their Enterprise Value you know will be maybe slight less than 4 billion might be 3.6 billion but then divide that by by the 17 or 18 ex aash and you’re into 200 million per ex aash yeah you know there’s a company at 25 million and you’ve got a premium on on on clean spot and Marathon will be in the same boat as well as those um you know at 200 million Cipher will be another one you know um they’ve got 7 7.7 ex aash and they’re a$ 1.1 billion company that so they’re not even twice as bigger stronghold but their market capitalization is 20 times the size and so even if you pay a premium for stronghold it sort of makes sense to even have a look at this this is something that is you know is real and it might be that you know we talked yesterday about these mining companies who because they’re small are just not able to raise Capital they’ve only got a small amount of their they’ve got an ATM in place but it’s I think it’s something like 3 million um dollars worth of shares so it’s not going to eat into that that debt so they’ve got to keep making these interest payments they’ve just had a harving those interest payments stay the same they don’t have you still got to pay the full amount but the rewards coming through are going to be less in may not too bad in in April as we’ve already articulated the the the transaction fees really help the miners and to be honest with you we looked at what six or S 8% sent down on what the on what the um on what the March numbers are and March was a 31-day month by the way April’s only 30 days true so when you start building in the days it’s even less than that you know the Gap so uh may be may be an interesting an interesting story and this might be the stronghold news now might be what we start seeing happening now with some of the some of the smaller miners I don’t foresee any of the sort of like I’m going to say the top eight or nine miners that we that we cover anything above the likes of bit farms and and huts and and Tera wolf and iron and clean spot Marathon Riot core scientific though I don’t think those are you know that it’s not going to issue them but some of the other ones might start having discussions about how they’re going to manage going forward and there’ll be companies like Greenwich the companies like Argo blockchain who will be absolutely having discussion if stronghold are announcing this now with a with that what I consider to be a favorable balance sheet um a net income for the first quarter and they’re basically saying we’re up for sale boys um you know that you know that there’s going to be there’s going to be interest and there’s going to be others that are going to be looking at as well and you know there was there was talk at the conference about a number of miners who would already saw the start but it’s not it’s not publicly known yet so we’ll wait and see um as to say you know it was interesting a minor of this size announcing it um already literally what 10 days after the harving yeah interesting but there is definitely some benefit in being the first especially as this due diligence takes some time and obviously time is of the essence right now as these machine orders are on purchase but like you say Anthony 25 million even if you have to swap out the rigs still not too bad considering uh there’s becoming a premium on infrastructure sites access to power and as we’ve heard from a number of CEOs there’s just not a lot of sites available anymore in the United States for uh the mining activity so very interesting way to uh to kind of kick off the month of May here Anthony we appreciate you dissecting all this news we’d love to hear you guys thoughts in the section below if you’re holding any of these companies who you think might be on the market to pick up stronghold leave a comment hit the like button you guys it’s a big help to us make sure you’re subscribed to the channel Anthony I’ll kick it back to you for any closing thoughts yeah I mean it’s going to be a you know we’ve got a week of updates to come out now and earnings are coming out every day now as well so there’s going to be a lot of work to be done a lot of comparison need to go through some of these accounts and see what um you know what their cost of Mind was in q1 and compare that to what these um you know these big analyst firms have put out in their updates and see if that if we’re making sense to their numbers but um yeah it’s uh it’s a lot of work to be done in May May’s going to be busy for us um as I say you’ve already highlighted how many cosos are coming on um and uh yeah looking for should be a fun month make sure you guys get your questions in the interviews start on Monday we’ll see you there here [Music]

    Top Bitcoin Mining Stock News Today | April Production Results | WULF, CLSK, CIFR & SDIG

    Welcome to McNallie Money, the new home of Power Mining Analysis!

    Today we are covering various Bitcoin Mining Stock News with our resident Bitcoin Analyst & CEO of Power Mining Analysis, 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 Bit Digital, Bitfarms, Bitdeer, Core Scientific, CleanSpark, DMG Blockchain, Hive Digital, TeraWulf, Hut 8 Corp, IREN, Marathon, Riot Platforms, SATO Technologies and Soluna Holdings. 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! πŸ‘‡

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

    Thanks for watching and have a great day!

    0:00 Intro
    1:40 Upcoming Q1 Interviews
    4:04 TeraWulf Production
    8:45 CleanSpark Production
    12:27 Cipher Production
    17:49 Stronghold for Sale?
    29:58 Closing Thoughts

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    23 Comments

    1. Excellent analysis as always – top miners killing it. CleanSpark in particular looking scary dominant moving forward, great work gentlemen

    2. I own 2200 shares of RIOT. They just posted great financials though I was disappointed by weak stock price response. A Q for CEO. Since they are profitable, do they expect to scale back their ATM? Also, how is their data hosting services going forward?

    3. 🐺🐺🐺🐺🐺🐺🐺🐺🐺🐺🐺🐺πŸ’₯πŸ’₯πŸ’₯πŸ’₯πŸ’₯

    4. I know it's not a popular one, but I'd like a deep dive on arbk. I made a mistake and bought a lot of it when I didn't know what I was doing, so much.

    5. Enterprise value / hashrate = 200m for CLSK but Anthony forgets that 30 EH (50EH started too) is fully funded so you can half that. He forgets about growth alot.

      Stronghold hasn’t fully funded a 40% increase in hash, CLSK should also have premium for no debt and PEG ratio too. He is obsessed with price to book metrics πŸ˜‚

    6. Hive getting neglected like its a criminal. 107M shares, 2300 BTC, 10 million debt from a data base they own. You would think this miner is going bankrupt by how low the price has gone.

    7. Riot just announced 325 bitcoin mined for April 2024. Absolutely horrible considering 3/4 of the month was pre halving. They really do suck and they lie. Rockdale facility update should have them at 15 eh/s currently and April which is now q2 and they had a 8.8 operational hash rate. 50% of what they claim to be at

    8. Can you please ask RIOT CEO, in your upcoming interview on the 7th, the following.
      Why don't they create more win win scenarios vs one way wins? Meaning, they currently HODL and have $600mm+ in cash therefore why dilute investors vs going in 50/50. Why can't they put up half the cash for expansion and investors can add the other half vs fully diluting investors for the entire funding of growth. Seems they are taking 0 risk on their behalf and not backing their talk with any of their own funds.
      2. You keep diluting for growth but mining production is down, why?

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