[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]

Invst_Informant Avatar Danny Marques | Investing Informant 📊📈 @Invst_Informant on x 18.1K followers Created: 2024-03-11 03:42:48 UTC

3/10: My LATEST #Bitcoin Miner Model - Industry's MOST complete view of the key metrics needed to evaluate all public miners to see who's best prepared to survive the halving 📕👇

Key Observations 👍

  1. Top X overall miners -> $CLSK $MARA $RIOT $CIFR $IREN
  2. Top X institutional ownership % -> $CLSK $BTBT $RIOT $MARA $WULF
  3. Most BTC mined in Feb -> $CORZ $MARA $CLSK $RIOT $WULF
  4. Lowest SGA expenses as % of revenue -> $CLSK $ARBK $DMGI $MARA
  5. Lowest debt to equity -> $BTBT $CLSK $LMFA $DMGI $IREN $RIOT
  6. Best energy efficiency -> $DGHI $MARA $CLSK $HIVE $IREN
  7. Highest CURRENT EH/s by 2H2024 -> $MARA $CORZ $CLSK $RIOT $WULF
  8. Highest EH/s by 2H2024 -> $MARA $CLSK $RIOT $BITF $IREN
  9. Highest BTC as % of Market Cap -> $LMFA $HUT $HIVE $DMGI $BTBT
  10. Largest BTC HODL -> $MARA $HUT $RIOT $CLSK

Key Observations 👎

  1. High debt -> Stronghold, BitDeer, TeraWulf
  2. High SGA expenses as % of revenue -> Greenridge, Gryphon Digital, Hut 8, Cipher Mining
  3. Lowest EH/s by 2H2024 -> BitDigital, Hive Digital, Stronghold, Hut X Mining, BitDeer
  4. Lowest cash balance -> Gryphon Digital, LMFunding America, Phoenix Group, DMG Blockchain, Digihost Technology

Overall BTC Mining Industry Metrics:

  1. Miners represent XXXX% of Bitcoin MC
  2. Miners hold about XXXX% of all #BTC in circulation
  3. Public Mining industry valued at $23.1B
  4. Only profitable miners: Marathon, CleanSpark, Cipher Mining, DMG Blockchain solutions

Feel free to challenge me on any stats and take note of my footnotes.

I suggest you ALL bookmark this as I update, and please like/share with the community if you found it insightful!

@theBTCMiningGuy @mithcoons @Micro2Macr0 @Freedom_By_40 @LeaderInvests @sebastian_ski @cazenove_uk @mikealfred @thepowerfulHRV

How I derive ranking: The best miner in each metric is assigned a score (1 being the lowest; the lower the score, the better you rank)

Sources: Every recent investor relation press release, February production data, quarterly reports, Cantor Fitzgerald Jan 2024 report for "All-in cost per BTC".

Expect metrics to change this month as many miners report earnings!!

XXXXXX engagements

Engagements Line Chart

Related Topics iren clsk $corz $wulf $btbt $cifr $riot halving

Post Link