Bitcoin Miners vs Bitcoin Price: The Correlation Disconnect & HODL vs MCAP Analysis!

Power Mining Analysis

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תוכן מסופק על ידי Anthony Power & Bryce McNallie, Anthony Power, and Bryce McNallie. כל תוכן הפודקאסטים כולל פרקים, גרפיקה ותיאורי פודקאסטים מועלים ומסופקים ישירות על ידי Anthony Power & Bryce McNallie, Anthony Power, and Bryce McNallie או שותף פלטפורמת הפודקאסט שלהם. אם אתה מאמין שמישהו משתמש ביצירה שלך המוגנת בזכויות יוצרים ללא רשותך, אתה יכול לעקוב אחר התהליך המתואר כאן https://he.player.fm/legal.

Most Innovative Companies

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Sweetgreen's CEO explains why his salads are so expensive 1:12:26

לפני 16 ימים1:12:26

הפעל מאוחר יותר

רשימות

לייק

אהבתי

1:12:26

On today's episode, co-hosts Yasmin Gagne and Josh Christensen discuss the latest news in the world of business and innovation, including Apple’s newest product announcements at WWDC, Warner Bros. Discovery’s split back into two companies, and the U.S. and China meeting in London to discuss trade talks. (00:45) Next, since its inception in 2008, NPR's Tiny Desk Concerts have become a staple on YouTube with over 11 million subscribers. Josh and Yaz speak with Fast Company associate editor David Salazar about the lasting influence, favorite acts, and future programming of Tiny Desk Concerts. (08:43) Finally, Yaz and Josh interview Sweetgreen CEO Jonathan Neman about the company's new menu items, advancements in culinary technology like Infinite Kitchens, and the removal of seed oils from their food preparation process. (31:25) For more of the latest business and innovation news, go to https://www.fastcompany.com/news To read David Salazar’s piece on NPR’s Tiny Desk concerts: https://www.fastcompany.com/91337277/npr-tiny-desk-concert-artist-impact…

לפני שנה 32:53

MP3•בית הפרקים

We examine the correlation between Bitcoin miners and Bitcoin price movements as recent tariff announcements caused market volatility.
• Bitcoin drops from $112,000 to $107,000 after Trump announces potential 50% tariffs on EU imports
• Many Bitcoin miners trading below the value of their Bitcoin holdings, unlike MicroStrategy which trades at 2x premium
• Marathon, the largest Bitcoin miner, currently trades below the value of its Bitcoin holdings
• ETF inflows remain strong with $934 million in a single day, marking seven consecutive days of substantial inflows
• Bitcoin held on exchanges approaching all-time lows with over 107,000 Bitcoin removed in recent months
• BlackRock alone purchased the equivalent of 18 days of Bitcoin production in a single day
• James Wynn holds an $809 million leveraged (40x) long position with a liquidation price of $102,000
• Different mining companies pursuing varied strategies regarding Bitcoin accumulation
• Bitcoin conference in Las Vegas next week will bring together industry leaders and investors
Join us next week for more insights and analysis as we attend the Bitcoin conference in Las Vegas.
Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter

פרקים

1. Compass Mining Introduction (00:00:00)

2. ] James Wynn's $800M Bitcoin Position (00:22:30)

3. Bitcoin Market Update and Power Play (00:30:10)

330 פרקים

#Trading #Business #Anthony Power & Bryce McNallie #Anthony Power #Bryce McNallie

Power Mining Analysis

Bitcoin Miners vs Bitcoin Price: The Correlation Disconnect & HODL vs MCAP Analysis!

Power Mining Analysis

published לפני שנה

שתפו

MP3•בית הפרקים

פרקים

1. Compass Mining Introduction (00:00:00)

2. ] James Wynn's $800M Bitcoin Position (00:22:30)

3. Bitcoin Market Update and Power Play (00:30:10)

330 פרקים

#Trading #Business #Anthony Power & Bryce McNallie #Anthony Power #Bryce McNallie

כל הפרקים

Power Mining Analysis

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How Much is Core Scientific Worth? 46:51

לפני 1 day46:51

46:51

The cryptocurrency mining sector is dramatically transforming as Bitcoin miners pivot to high-performance computing (HPC), with CoreWeave's potential acquisition of Core Scientific highlighting this shift. • Wall Street Journal reveals CoreWeave may be acquiring Core Scientific • Core Scientific's HPC agreement with CoreWeave worth $850 million annually • Contract runs for 12 years with two 5-year extensions (22 years total) • Analyst valuations for Core Scientific range from $16 to $48 per share • CoreWeave funding $750 million in capital expenditures for retrofitting • Companies like Iron, Cypher, and Riot also pivoting toward HPC • Iren expecting to name a client for Horizon One facility in Q4 • Cipher's Black Pearl facility reserving 150MW for potential HPC • Bit Digital CEO Sam Tabar purchased 750,000 shares for $1.5 million • HPC valuation multiples (15-25x) significantly higher than Bitcoin mining (2-4x) • Panther Creek development faces challenges from Riot's share selling pressure Sign up for our newsletter to enter Miner Madness 4.0 and get your chance to win prizes by selecting your top mining stocks. Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter…

Power Mining Analysis

1
CoreWeave Eyes Core Scientific Acquisition, Bit Digital Spinning out WhiteFiber, HIVE Earnings & RIOT/BITF News! 35:31

לפני יומיים35:31

35:31

CoreWeave puts in a second offer to acquire Core Scientific, following the initial billion-dollar bid rejection last year, causing mining stocks with HPC exposure to surge dramatically. The market appears to finally recognize the value of Bitcoin miners' data center infrastructure, with shares of companies like Terawulf, Iren, and Cipher all seeing double-digit percentage price increases. • CoreWeave resuming acquisition talks with Core Scientific, valuing the company at potentially over $4.6 billion • Core Scientific shares surge 25-30% following the news announcement • Bit Digital announces $75 million share offering at $2.00 per share • Bit Digital pivoting to become an Ethereum treasury and staking-focused company • Bit Digital filing confidential IPO registration for White Fiber subsidiary • Hive Digital reports $115 million in revenue and $56.2 million adjusted EBITDA for fiscal year • Hive targeting growth from current 6 exahash to 25 exahash by year-end • Hive projecting HPC revenue growth from $20 million to $100 million annualized • Riot continues selling Bitfarms shares, now down to 13.4% ownership • Miner Madness 3.0 winner achieving 379% return in three months with Gryphon, Core Scientific, and IREN Like the video and subscribe to the McNally Money channel. Let us know in the comments section if you're currently holding any of these miners and what you thought about today's headlines. Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter…

Power Mining Analysis

1
Luxor Technology - Director of Derivatives, Ben Harper Q&A - Hash Rate Derivatives Explained! 48:59

לפני 3 ימים48:59

48:59

Ben Harper, Director of Derivatives at Luxor Technology, reveals how hash rate derivatives are transforming Bitcoin mining by providing revenue stability and new financing opportunities for miners of all sizes. • Hash rate derivatives are financial contracts that allow miners to sell future hash rate production and investors to gain exposure without operational complexities • Mining revenue is highly volatile due to four variables: Bitcoin price, network difficulty, block subsidy, and transaction fees • Derivatives help miners lock in future revenue, attract capital, and create certainty in an unpredictable market • Luxor's trading desk now handles several hundred million dollars in annual volume and settles around 30 exahash daily • Case study: Bitmine tripled their fleet size through upfront payment while protecting themselves from difficulty increases • Miners can pair energy strategies with hash rate derivatives to create predictable margins that attract traditional investors • The market is evolving from OTC forwards to potentially more sophisticated instruments as mining companies become more financially sophisticated • Recent 8-10% network hash rate drop is largely attributed to Texas miners reducing operations during peak demand periods (4CP) Check out Luxor's derivatives platform at luxortech.com/derivatives and explore mining data at hashrateindex.com to learn more about these financial instruments. Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter…

Power Mining Analysis

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When Miners Power Down: Exploring the Hash Rate Dive and Miner Impacts! 20:49

לפני 3 ימים20:49

20:49

Global Bitcoin hash rate experienced a dramatic 40% drop followed by a 50% recovery in 48 hours, with evidence pointing to North American miners curtailing operations due to summer heat rather than Middle East tensions. This curtailment coincides with the start of Texas's 4CP program where miners power down during peak demand periods in exchange for power credits and reduced transmission costs. • Bitcoin trading around $108,000 with miners showing strong performance • CleanSpark and IREN racing to reach 50 exahash production targets • North American miners curtailing operations causing global hash rate to drop • Reduction attributed to summer heat waves in Texas and Northeast rather than geopolitical tension • Texas's 4CP program begins in June, incentivizing miners to reduce power during peak periods • Companies like Riot Platforms earn significant power credits ($70M in 2023) through curtailment • Marathon partnering with TAE Power for faster grid response capabilities • 8.5% Bitcoin difficulty adjustment expected this weekend, improving mining economics • Miner Madness 4.0 competition registration now open! Join the McNally Money newsletter to participate in Miner Madness 4.0, where winners will be featured in a special podcast appearance on the Power Mining Analysis YouTube channel. Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter…

Power Mining Analysis

1
Bitcoin Miners Surge as Bitcoin Rebounds: Miners Rally | Bitcoin Mining Stocks to Watch + BTBT, BTDR, CIFR, CLSK, HIVE, HUT & SLNH News! 29:17

לפני 4 ימים29:17

29:17

Bitcoin mining stocks rally impressively as BTC rebounds to $105,000, with major companies announcing strategic financing initiatives and milestone achievements in both mining and high-performance computing. • Bit Digital secures $60 million credit facility with Royal Bank of Canada at 5.25% interest for data center expansion • Bitdeer formalizes $330 million convertible note offering (potentially increasing to $375 million) at 4.875% interest • Cipher Mining energizes first phase of Black Pearl facility, adding 2.5 Exahash with plans to reach 23.1 Exahash by Q3 end • CleanSpark achieves 50 Exahash milestone ahead of schedule, maintaining pure Bitcoin mining strategy across 30 US locations • Hive launches new NVIDIA GPU Hopper cluster, targeting $100 million annual HPC revenue by year-end • Hut 8 doubles Bitcoin-backed loan with Coinbase to $130 million at 9% interest • Soluna expands hosting partnership with Compass Mining to approximately 13 megawatts across Dorothy 1 and 2 projects • Miner Madness 4.0 competition announced with new automated entry system and grand prize interview opportunity Join us tomorrow for a special interview with Luxor discussing derivatives and hashrate forward contracts. Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter…

Power Mining Analysis

1
The $100,000 Bitcoin Threshold: Mining Economics at a Crossroads + HIVE Digital HPC News! 35:27

לפני 5 ימים35:27

35:27

Bitcoin dropped below $100,000 over the weekend, raising questions about whether this signals a bear market or simply represents a temporary pullback in the ongoing bull cycle. The cryptocurrency quickly rebounded above the $100,000 threshold, but mining stocks continue to face significant pressure. • Bitcoin miners are down 35% year-to-date despite Bitcoin reaching new all-time highs • Hash rate dropped to 670 exahash, likely due to curtailment in Texas rather than geopolitical factors • Anthony Pompliano launched ProCap, raising $750 million for a new Bitcoin treasury company • MetaPlanet and Strategy continue aggressive Bitcoin accumulation strategies • A 6.8-6.9% difficulty reduction expected on June 28th would provide relief for miners • Hive Digital Technologies acquired a tier 3 data center in Toronto for their HPC subsidiary • Data center-focused miners appear undervalued compared to pure data center companies Hit the like button, subscribe to McNally Money, and let us know in the comments if you think the bull market is in trouble or if this is simply a regular pullback. Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter…

Power Mining Analysis

1
IREN Surges 10% on HPC Speculation & HIVE's Expansion News! 36:58

לפני 8 ימים36:58

36:58

Bitcoin mining companies are rapidly evolving their business models, with Iron's stock surging 10% amidst speculation of an imminent HPC deal announcement and Hive Digital Technologies exceeding their hash rate targets ahead of schedule. • IREN's shares jumped over 10% without any formal news, suggesting potential developments related to their Horizon One data center • The company recently closed an upsized $550 million convertible note offering, providing capital for HPC expansion • CEO Dan Roberts previously stated they expect to have a client named for Horizon One by Q4 • Sweetwater facility has capacity to support $70 billion worth of GPUs and IT equipment at full build-out • Wall Street analysts increasingly covering Iron with bullish price targets exceeding $20 • Hive Digital Technologies reached 11.4 exahash ahead of schedule • Hive now targeting 25 exahash by American Thanksgiving instead of year-end • Two consecutive mining difficulty reductions expected, providing miners temporary relief • Multiple industry experts suggest Bitcoin miners with potential HPC deals are significantly undervalued • Long-term viability of pure Bitcoin mining operations questioned, with some suggesting only 2-3 years remaining Sign up for the Power Mining Analysis newsletter for weekly updates and enter our Minor Madness 4.0 competition with prizes and a chance to be featured on our podcast. Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter…

Power Mining Analysis

1
Bitcoin Miner Valuation Analysis & Latest News! 45:48

לפני 10 ימים45:48

45:48

The complex world of Bitcoin miner valuations reveals a striking disparity between how the market values treasury-focused companies versus operational mining businesses despite their substantial underlying assets and revenue potential. We explore how miners with significant infrastructure, equipment, and profitable operations are often valued only at their Bitcoin holdings while pure Bitcoin treasury companies enjoy substantial premiums. • Bitcoin miner valuations often fail to account for valuable underlying assets beyond their hodlings • MicroStrategy trades at 1.86x its Bitcoin holdings while miners like Marathon are valued at just their hodl • Marathon's market cap is 98.6% of their hodl value despite owning $480M in sites and $1B in machines • Soluna has zero Bitcoin but owns multiple operational data centers yet trades at just $6M market cap • Core Scientific's $10B HPC contract spanning 12 years seems minimally reflected in current valuation • Growing HPC/AI revenue streams like Bit Digital's $100M annual run rate aren't fully appreciated by markets • Miners face operational complexities but also have strategic advantages Bitcoin treasury firms lack • Contrast between Iron (0% hodl) and CleanSpark (51.5% hodl) highlights different approaches to value creation To participate in Miner Madness 4.0, sign up for the newsletter on the Power Mining Analysis website. You'll receive a form to submit your entries for the competition, with the grand prize being an appearance on the Power Mining Analysis podcast. Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter…

Power Mining Analysis

1
Hash Wars: Why Everyone's Abandoning Their 100 Exahash Dreams! 52:10

לפני 11 ימים52:10

52:10

The Bitcoin mining industry is experiencing a major strategic shift as public miners pivot from pure cryptocurrency mining toward high-performance computing and AI infrastructure due to economic pressures and emerging opportunities. Global hash rate has increased 15x since China's 2021 mining ban, reaching over 900 Exahash today, forcing miners to grow substantially or lose market share while facing reduced rewards from the April 2024 halving. • Most public miners now pursuing HPC/AI strategies with predictable long-term contracts offering 75-80% profit margins • Only Marathon and CleanSpark remaining committed as pure-play Bitcoin miners • Core Scientific leading the transition with $10.2 billion, 12-year CoreWeave contract • HPC/AI contracts provide lower cost of capital and more predictable revenue than Bitcoin mining • IREN pausing Bitcoin expansion at 50 Exahash to focus on Horizon One facility • Bitdeer leveraging in-house Seal Miner development to improve efficiency and margins • Hive expanding to 25 Exahash with Paraguay acquisition while growing HPC revenue • Current US AI computing capacity at 4GW with projected need for 40-80GW creating massive growth opportunity • Management flexibility and data center expertise becoming critical differentiators for success Take a second to hit the like button! If you're not already subscribed to McNally Money, feel free to join and let us know in the comment section which miners you're currently most bullish on and why. Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter…

Power Mining Analysis

1
May 2025 Mining Report: IREN, MARA, CLSK & RIOT Square Off! 33:42

לפני 12 ימים33:42

33:42

Bitcoin's impressive rise above $107,000 coincides with substantial institutional buying, creating a significant supply-demand imbalance as miners report their May production results. • Marathon leads May production with 950 Bitcoin mined ($99.6 million revenue) • Top six miners all within 1% of each other on Bitcoin-per-exahash metric • CleanSpark approaching 50 exahash target with 45.6 exahash now energized • Hive Digital has nearly doubled hash rate since January • IREN maintains industry-leading efficiency at 15 joules per terahash • Strategy and MetaPlanet continue aggressive Bitcoin acquisition • Marathon approaching 50,000 BTC treasury milestone • Six miners produced nearly identical Bitcoin per exahash in May • Miners adopting varied Bitcoin selling strategies with price above $100,000 • Fleet efficiency continuing to improve across the sector • New mining machines coming with sub-10 joules per terahash efficiency Take a second to hit the like button and subscribe to McNally Money. Let us know in the comments who you think won the month of May and your top pick in the mining sector! Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter…

Power Mining Analysis

1
Bit Digital - CEO Sam Tabar - Q1 Earnings & WhiteFiber Expansion! 27:46

לפני 15 ימים27:46

27:46

Bit Digital CEO Sam Tabar joins us to discuss their strategic shift from Bitcoin mining to High-Performance Computing and Ethereum investments, showcasing impressive Q1 results with $25 million in revenue and zero debt on their balance sheet. • Total revenue of over $25 million with HPC revenue at $16.4 million and Bitcoin mining revenue at $7.8 million • Strong financial position with $141.4 million in liquidity and zero debt • ETH holdings now more valuable than Bitcoin holdings, positioning as "the MicroStrategy of Ethereum" • Acquisition of 1 million square foot data center in North Carolina's Piedmont Triad with 99MW power agreement • Facility has potential to scale to 200MW and is already attracting Fortune 500 enterprise clients • Montreal data centers progressing with Tier 3 standards and direct-to-chip liquid cooling for Nvidia Blackwell chips • Partnership with Cerebrus Systems on track with 5MW co-location agreement • Company believes substantial corporate restructuring may be needed for true market revaluation of miners entering HPC space Like the video, subscribe to McNally Money, and leave your thoughts in the comments section below. Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter…

Power Mining Analysis

1
Shining the Spotlight on BitFuFu & Soluna Holdings Financing News! 27:54

לפני 16 ימים27:54

27:54

McNallie Money takes a deep dive into BitFuFu, a $500M market cap Bitcoin miner with over 34 exahash under management that hasn't been featured on the channel before. Anthony Power joins to analyze this Chinese mining company that successfully combines cloud mining, self-mining, and equipment sales to create a resilient business model attracting over 615,000 cloud mining customers. • BitFuFu launched in December 2020 with strategic investments from Bitmain and Antpool • Cloud mining represents 59% of revenue, allowing customers to purchase hashrate without owning equipment • Global operations include facilities in the US and a 187MW operation in Ethiopia using low-cost hydropower • Industry-leading efficiency of 19.1 joules/terahash with power costs between 3-4 cents/kWh • Added nearly 14 exahash in just two months (March-May 2024) • Q1 showed $78M revenue with $16.9M loss due to halving impacts • May production jumped 91% month-over-month to 400 Bitcoin • Holds 1,709 Bitcoin (21st largest corporate holder) worth 34% of market cap Like the video, subscribe to McNally Money, and join Miner Madness 4.0 launching soon with enhanced prizes including a special guest podcast feature for winners. Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter…

Power Mining Analysis

1
IREN's bold $500M move and HPC Outlook, Bitdeer Production & Soluna News! 41:08

לפני 17 ימים41:08

41:08

Anthony Power and I break down Iron's recently announced $500M convertible note, exploring whether this signals standard financing or preparation for a major HPC/AI contract announcement. • Iren secures $500M convertible note at 3.5% interest due in 2029 • CEO Dan Roberts previously stated they need $250M to complete 50 exahash mining capacity, Horizon One, and Sweetwater prep work • Capped call transactions at $20.98 will help protect against share dilution • Dan Roberts is "highly confident" they'll contract a client for Horizon One before completion in Q4 • Bitcoin miners with AI/HPC strategies (Iren +35%, Core Scientific +27%) significantly outperforming pure-play miners in the last month • Only 4 gigawatts of power currently support AI in North America, with demand at 44 gigawatts • Bitdeer increased Bitcoin production by 18% in May compared to April • Bitdeer continues developing their SealMiner series, with the A3 achieving 9.7 joules per terahash and A4 targeting 5 joules per terahash • Soluna Holdings launches Project KD1 with $20M in new funding from Spring Lane Capital Hit the like button, subscribe to McNally Money, and let us know in the comments what you think is next for Iron and if you're currently holding shares. Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter…

Power Mining Analysis

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Daily Mining Revenue Analysis: Margins, Revenue & Latest RIOT/BITF Updates! 41:53

לפני 18 ימים41:53

41:53

Bitcoin's climb past $110,000 creates unprecedented revenue opportunities for mining companies, with leading operations achieving gross margins up to 77% on their daily production. • Daily miner revenue analysis showing Marathon producing $3.3 million daily with 70% gross margins • Detailed breakdown of mining economics including pool fees, energy costs, and gross profit per exahash • Bitcoin price appreciation of approximately $25,000 since April, dramatically improving miner economics • Comparison of fixed vs variable costs in mining operations and their impact on profitability • Explanation of how Q2 financial results will likely show most miners returning to profitability • Update on Riot's continuing sale of Bitfarms shares at around $0.90, well below their $2.24 acquisition price • Discussion of upcoming HPC (high-performance computing) deals potentially transforming the sector Smash the like button, subscribe to McNally Money, and let us know in the comments how you're feeling about the Bitcoin mining sector and your top pick in the space. Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter…

Power Mining Analysis

1
Exploring Miner MCAP, mNAV, HODL & Margins in Q2! 36:48

לפני 19 ימים36:48

36:48

McNally Money dives into Bitcoin miners' market caps, HODL positions, mNAV premiums, and live mining margins to understand why miners are undervalued compared to Bitcoin treasury companies. • Bitcoin shows resilience after the Trump/Elon news, recovering to $108,000 over the weekend • Miners showing a mixed trading day despite Bitcoin strength • MicroStrategy (MSTR) trades at a 1.87x premium to its Bitcoin holdings while miners trade at or near their HODL value • If miners received the same mNAV premium as Strategy, Marathon's market cap would nearly double to $10.1 billion • Wall Street remains skeptical of mining economics due to inconsistent profitability and business decisions • Q2 looking positive with Bitcoin up $25,000 since Q1, potentially adding $1.2B to Marathon's income statement through FASB accounting • Live miner margins show Iren and Cipher leading with 75-77% gross margins • Energy costs are just one component - compensation and G&A expenses often push miners into unprofitability • Hive working to reduce power costs from 7.5¢ to 4.5¢ per kWh by leveraging Paraguay facilities • Miners must prepare for the 2028 halving which will double energy costs per Bitcoin Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter…

Power Mining Analysis

1
Trump vs Musk: A Digital Showdown Shakes Markets + Miner News! 43:32

לפני 22 ימים43:32

43:32

The Trump-Musk bromance appears to have ended with implications for Bitcoin miners as they recover from a market pullback while Hive Digital and Saluna reveal impressive production updates and expansion plans. • Trump and Musk's public Twitter feud caused markets to tumble briefly before a swift recovery • Bitcoin dropped to $101,000 but quickly bounced back above $103,500 showing market resilience • The feud centered around a proposed government bill and spending concerns • Hive Digital announced plans to quadruple their hash rate through 2025 • Hive showed a 58% increase in peak hash rate in a single month • Soluna continues developing their 2.6 gigawatt power pipeline • UK has opened ETF exposure to British investors after lagging in Bitcoin adoption • South Korea's president declared Bitcoin a national priority Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter…

Power Mining Analysis

1
May Production Analysis: IREN, DMG, and Cipher Mining Excel Amid $100K+ Bitcoin! 37:16

לפני 23 ימים37:16

37:16

Bitcoin miners are delivering record revenue results as prices hover consistently above $100,000. We examine the May production results from Iren, DMG, and Cipher Mining, analyzing their performance metrics and future growth strategies. • Iren achieved record monthly revenue of $67 million with exceptional 74% margins • Iren mined 627 Bitcoin in May, an 8% increase from April • Their operational hash rate increased from 36.6 to 38.4 exahash while targeting 50 exahash by end of June • At current Bitcoin prices, Iren projects annualized EBITDA of $651 million • DMG maintained 2.1 exahash with slight operational decrease to optimize for summer temperatures • DMG achieved 16.4 Bitcoin per exahash, placing them in the top three miners for efficiency • Cipher mined 175 Bitcoin in May, a 2% increase from April • Cipher's Black Pearl data center is scheduled for energization in June • Mining difficulty adjustment expected on June 14th with potential reduction favorable to miners • Forward hash price curve projecting increases to $54 per petahash per day by July Hit the like button, subscribe to McNally Money, and let us know in the comments if you're holding any of these three companies and how you thought they performed in May. Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter…

Power Mining Analysis

1
HPC Revolution: Comparing Billion-Dollar Data Center Contracts 42:58

לפני 24 ימים42:58

42:58

Anthony Power and Bryce McNallie dive deep into the HPC AI data center contracts that are transforming Bitcoin mining companies into AI infrastructure providers, comparing deals between Applied Digital, Core Scientific, Terawulf, and Galaxy Digital with industry giants like CoreWeave and Core42. • Applied Digital announced a $7B contract with CoreWeave spanning 15 years, causing their stock to surge 28% in a single day • CoreWeave operates 33 data centers with 1.6 gigawatts of contracted power and generated over $1B in revenue during their first quarter as a public company • Core Scientific secured 590 megawatts with CoreWeave over 12 years (extendable to 22), worth approximately $850M annually once fully operational • HPC data center contracts deliver 75-80% profit margins with long-term stability compared to volatile Bitcoin mining • Terawulf signed with Core42 for 60-70 megawatts over 10 years (extendable to 20), generating approximately $1B over the initial term • Galaxy Digital's 133 megawatt deal with CoreWeave at Helios is worth $4.5B over 15 years with potential expansion to 400 megawatts • Bitcoin miners with HPC contracts have seen share prices increase significantly YoY: Core Scientific (+75%), TerraWolf (+55%), Galaxy (+76%), Applied Digital (+204%) Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter…

Power Mining Analysis

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Hash Wars: Riot, Marathon & CleanSpark's May Production Analysis! 37:38

לפני 25 ימים37:38

37:38

Riot, Marathon, and CleanSpark release May production results on the same day, providing a unique opportunity to compare the performance of these Bitcoin mining giants across key metrics. • Riot mined 514 Bitcoin (11% increase from April) and earned $2.2 million from power sales • Riot purchased additional land adjacent to Corsicana facility for future HPC development • Marathon had a strong month with 950 Bitcoin mined and record 282 blocks found • Marathon maintains strict hodling strategy with 49,179 Bitcoin valued at $5.14 billion • CleanSpark produced 694 Bitcoin (10% increase) and announced new 60 EH/s target • CleanSpark shows best enterprise value per exahash at $34 million • Marathon's hodl equals their entire market cap, suggesting mining operations valued at zero • Bitcoin mining difficulty increased 4.4%, creating headwinds for June production • All three miners demonstrating different strategies for long-term sustainability • Power cost remains the most critical factor for mining profitability Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter…

Power Mining Analysis

1
Is Riot Selling Bitfarms? + Big News from Bit Digital & WhiteFiber! 31:19

לפני 26 ימים31:19

31:19

The Bitcoin mining sector is experiencing a significant transformation as major companies pivot toward AI and high-performance computing infrastructure while global regulatory attitudes toward Bitcoin continue to diverge dramatically. • Bitcoin price holding steady above $100,000 for the longest duration in history • China announces complete ban on crypto ownership while Russia explores Bitcoin-backed bonds • Texas approves bill allowing up to 5% of state funds to be invested in Bitcoin • BitDigital announces $1 billion AI data center campus with 1 million square feet in North Carolina • Riot Platforms hires Jonathan Gibbs as Chief Data Center Officer to lead their data center initiatives • Riot files disclosure about potential sale of their Bitfarms shares • Mining stocks showing mixed performance despite Bitcoin's relative strength • More companies globally adding Bitcoin to corporate treasuries, with some receiving significant premiums Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter…

Power Mining Analysis

1
Bitcoin Convention Day 2: Mayor of New York, Mining Margins & Global Hash Rate Trends! 20:01

לפני 4 weeks20:01

20:01

The second day of the Las Vegas Bitcoin Convention brought exciting announcements including New York City's first municipal Bitcoin bond and Pakistan's plans to establish a national Bitcoin reserve through mining. We explore the rapidly increasing global hash rate and its impact on miner profitability, while introducing new data analytics tools available on the Power Mining Analysis website. • NYC Mayor announces the first municipal Bitcoin bond in the US • Bitcoin mining infrastructure companies including Shell showcasing containerized mining solutions • Difficulty adjustment continuing to increase, effectively creating another "halving" for miners • Only one public miner produced a net profit in Q1 2024 • Global hash rate expected to exceed 1,000 exahash shortly • Pakistan allocating 2,000 megawatts for national Bitcoin mining operations • New mining equipment from BitDeer (A3 at 9.7 J/TH) and Bitmain (S23) coming soon • Interactive data analytics now available on the Power Mining Analysis website • Monthly newsletter featuring Core Scientific coming tomorrow Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter…

Power Mining Analysis

1
Bitcoin Vegas: Day One Highlights and Miner Tech Breakthroughs! 21:52

לפני 4 weeks21:52

21:52

We're reporting live from Bitcoin Conference Las Vegas 2025, where day one delivered phenomenal energy with keynote speakers Michael Saylor, Vivek Ramaswamy, and Eric Trump drawing massive crowds. The conference floor showcases technological innovation with Bitfarms' VR facility tours and Riot's drone exhibits demonstrating how mining companies are elevating their investor engagement strategies. • GameStop makes headlines with massive 4,710 Bitcoin purchase worth $500 million, joining the elite "HODL 15" public companies • Bitmain unveils groundbreaking S23 hydro miner achieving 9.5 joules per terahash efficiency, with Bitdeer planning 5 J/TH by 2026 • Core Scientific expanding beyond mining into data center colocation with $10B CoreWeave contract generating revenue starting this month • Striking market valuation discrepancy: CoreWeave's $55B market cap versus Core Scientific's $3B despite being CoreWeave's largest client • DMG Blockchain Solutions showcases their carbon-neutral Bitcoin ecosystem through Systemic Trust and regulatory-compliant green Bitcoin initiatives • Hive surpasses 10 Exahash milestone, targeting 18 Exahash by Q3 and 25 Exahash by year-end • Strategic Bitcoin pledge to Bitmain at $87,000 per coin gives Hive equipment financing with option to repurchase at that price Join us tomorrow for day two coverage featuring JD Vance and more industry developments from this landmark event.…

Power Mining Analysis

1
DMG Blockchain - CEO Sheldon Bennet & COO Steven Eliscu Q&A - Q2 Earnings & Outlook! 59:36

לפני 5 weeks59:36

59:36

DMG Blockchain's CEO Sheldon Bennett and COO Steven Eliscu discuss Q2 earnings and their strategic pivot toward hydro cooling technology and AI infrastructure. We share insights on operational metrics, technological innovations, and our vision for integrating traditional cryptocurrency mining with advanced computing applications. • Generated $12.6 million in revenue (up 9% from previous quarter) with 1,766.91 Bitcoin mined • Fully deployed six megawatts of hydro cooling, bringing enhanced efficiency and preparing for AI capabilities • Purchased two megawatts of SKIFF-rated (military-grade) AI data center infrastructure to target government contracts • Current equipment pricing environment favorable at approximately $14 per terahash, allowing strategic growth without excessive capital requirements • Pursuing "mullet mining" strategy: AI/HPC in the front, Bitcoin mining in the back to maximize infrastructure utilization • Working to reduce debt while maintaining financial flexibility through our Bitcoin-backed loan facility • Launching Blocks Explorer as a free public service to fill a gap in blockchain exploration tools Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter…

Power Mining Analysis

1
Bitcoin Miners vs Bitcoin Price: The Correlation Disconnect & HODL vs MCAP Analysis! 32:53

לפני 5 weeks32:53

32:53

We examine the correlation between Bitcoin miners and Bitcoin price movements as recent tariff announcements caused market volatility. • Bitcoin drops from $112,000 to $107,000 after Trump announces potential 50% tariffs on EU imports • Many Bitcoin miners trading below the value of their Bitcoin holdings, unlike MicroStrategy which trades at 2x premium • Marathon, the largest Bitcoin miner, currently trades below the value of its Bitcoin holdings • ETF inflows remain strong with $934 million in a single day, marking seven consecutive days of substantial inflows • Bitcoin held on exchanges approaching all-time lows with over 107,000 Bitcoin removed in recent months • BlackRock alone purchased the equivalent of 18 days of Bitcoin production in a single day • James Wynn holds an $809 million leveraged (40x) long position with a liquidation price of $102,000 • Different mining companies pursuing varied strategies regarding Bitcoin accumulation • Bitcoin conference in Las Vegas next week will bring together industry leaders and investors Join us next week for more insights and analysis as we attend the Bitcoin conference in Las Vegas. Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter…

Power Mining Analysis

1
Coiled Springs: Why Miners Are Set to Explode + DMGI Q2 Earnings, HIVE & SLNH News! 46:39

לפני 5 weeks46:39

46:39

Bitcoin soars past $112,000 while mining stocks experience a lag despite improving fundamentals, creating an intriguing investment landscape where hash price is reaching post-halving highs of $59 per petahash per day. • ETF inflows reaching $609 million in a single day (equivalent to 11 days of mining production) • Corporate Bitcoin holdings exceeding 800,000 BTC with companies like MicroStrategy leading acquisition strategies • Mining stocks trading well below 52-week highs despite Bitcoin's all-time high performance • Gross mining margins improving significantly, with some companies achieving 70%+ energy-production margins • Strategic pivot toward HPC and AI infrastructure creating new revenue streams • Core Scientific securing $10B contract with CoreWeave that could generate $800-900M annual revenue • HIVE reaching 9.5 exahash with plans to hit 25 exahash by year-end • DMG implementing next-gen miners with direct chip cooling technology • Soluna announcing its first solar-powered project co-located with a 114 MW solar farm • Mining companies innovating with heat reuse and renewable energy integration Take a second to smash the like button and if you're not already subscribed to McNally Money, feel free to join and let us know in the comment section below how you're feeling about the Bitcoin miners right now and your strategy moving forward. Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter…

Power Mining Analysis

1
When Hedges Bite: How $109K Bitcoin Still Left Miners in the Red! 22:25

לפני 5 weeks22:25

22:25

Bitcoin smashed through a new all-time high of $109,578 before retreating to $107,400 amid market volatility triggered by rising treasury yields above 5%. • Bitcoin's Golden Cross (50-day and 200-day moving average intersection) signals the beginning of a potential bull run • Bitcoin dominance hit another all-time high at 65% of total cryptocurrency market cap • Mining stocks initially rallied with double-digit gains before reversing dramatically by afternoon • Texas advancing legislation for a strategic Bitcoin reserve, now passed to the governor • Bitcoin Conference Las Vegas approaching with high-profile speakers including Ross Ulbricht and JD Vance • Riot Platforms upsized their credit facility with Coinbase to $200 million at approximately 9% interest • Cipher Mining priced convertible notes at 1.75% interest, maturing May 2030 • High short interest in mining stocks explained by convertible arbitrage strategy from hedge funds • Hash price improved to $56, up from $37-39 range a few months ago • Mining difficulty increases continue to pressure production despite higher hash rates…

Power Mining Analysis

1
Soluna Holdings - CEO John Belizaire & CFO John Tunison Q&A - Q1 Earnings & Outlook! 59:32

לפני 5 weeks59:32

59:32

Soluna Holdings executives review their Q1 earnings and provide an in-depth overview of their strategic shift toward a blend of Bitcoin mining and AI/HPC infrastructure development leveraging behind-the-meter renewable energy. • Q1 revenue of $6 million and gross profit of $1.1 million reflect strategic contract shift from fixed-fee hosting to profit-sharing • EBITDA loss improved to $1.6 million in Q1 2024, continuing positive trend from $3.5 million loss in Q3 2023 • Planning to reach 123 megawatts of operational capacity by year-end, almost doubling current capacity • Development pipeline has grown to 407 MW with addition of 220 MW in new projects during Q1 • Combined operating and development pipeline approaches 700 MW capacity, equivalent to 45 exahash potential • Behind-the-meter strategy provides power at below $0.035/kWh for Bitcoin mining and approximately $0.04/kWh for AI • Patent portfolio expansion with second utility patent for modular data center design • Pursuing three-way partnership model for AI/HPC infrastructure combining Soluna's power access with experienced data center operators • Project Kati positioned as first major AI/HPC development with favorable location characteristics for inferencing applications • Balance sheet improvements include simplifying capital structure, increasing unrestricted cash to $9.2 million If you enjoyed this episode, hit the like button and subscribe to McNally Money. Let us know in the comments what you thought about Soluna's Q1 numbers and if you're currently holding shares.…

Power Mining Analysis

1
HIVE Digital Technologies - CEO Aydin Kilic, Q&A - Paraguay Expansion & Operational Update! 40:42

לפני 6 weeks40:42

40:42

Aidan Kilic, CEO of Hive Digital Technologies, provides a detailed operational update on the company's significant Paraguay expansion, highlighting their achievement of adding one exahash of mining capacity per week and their path to 25 exahash by year-end. • Finding the perfect trifecta in Paraguay: green energy, political stability, and low-cost power at scale • Reaching 11.5 exahash globally with a blended fleet efficiency of 20 joules per terahash after phase one completion • Strategic deployment of older "buzz miners" alongside newer S21 Plus models saving $27 million in capex • Electrifying 18 schools in Paraguay as part of community investment, with 8 already completed • Fully funded for growth to 18 exahash with Bitcoin pledging strategy that includes no interest payments • Targeting 17.3 joules per terahash blended efficiency after completing all three phases • HPC business progress with H-200s coming online, well on track to reach $20 million ARR target • Projecting $400 million in annual Bitcoin mining revenue while currently valued at only $380 million market cap If you enjoyed this episode, please hit the like button and subscribe to McNally Money. Let us know in the comment section if you're currently holding shares of Hive and if you have any additional questions for management.…

Power Mining Analysis

1
Bitcoin Notches Record Week, Miner Stock Reratings + Bit Digital & Soluna Earnings Analysis 27:27

לפני 6 weeks27:27

27:27

Bitcoin hits its highest weekly close ever at $106,500 while miners face continued profitability challenges, highlighting the growing pivot from traditional mining to HPC operations. • Bitcoin shows resilience following US credit rating downgrade by Moody's • Bit Digital reports Q1 earnings with Bitcoin mining now only 31% of total revenue, down from 72% last year • HPC client base for BitDigital expanded from 1 to 23 clients in one year • Core Scientific begins receiving HPC revenue in May from their 262-megawatt facility • Most miners cannot mine profitably even at $105,000 Bitcoin price due to difficulty increases • Soluna Holdings reports challenges in Q1 but has 220 megawatts of new projects in development • Mining difficulty increased by 2% with another increase forecasted • IREN remains the only publicly traded miner that can mine Bitcoin profitably Let us know in the comments which miner you're watching most closely. Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter…

Power Mining Analysis

1
Bitfarms CEO Ben Gagnon Q&A - Q1 Earnings & Outlook! 1:06:36

לפני 6 weeks1:06:36

1:06:36

Bitfarms CEO Ben Gagnon joins us to discuss Q1 2025 earnings and the company's strategic pivot from Bitcoin mining to high-performance computing (HPC) development while maintaining Bitcoin operations as a stable foundation for future growth. • Bitcoin mining industry becoming increasingly competitive, forcing miners to find zero-cost or negative-cost energy solutions to remain viable long-term • Exploring heat recycling from mining operations, with pilot projects showing promise but facing challenges in matching heat generation with demand • Argentina operations facing uncertainty after power supplier Abinesi defaulted on interest payments, though impact is contained at just 12-13% of Bitfarms' hashrate • Completed spectacular renderings for Panther Creek HPC campus designed for hyperscale clients, with $300 million in financing secured for initial development • Bitcoin miners uniquely positioned in the HPC space with large-scale power assets that traditional data centers typically lack • Potential 10-15x valuation increase by transitioning from Bitcoin mining (3-5x EBITDA) to data center business model (20-30x EBITDA) • Bitcoin One program focusing on treasury management to amplify returns through strategic leverage of Bitcoin holdings • Company fully transformed in 11 months under Gagnon's leadership, pivoting from international mining focus to US-based HPC development Like, subscribe, and let us know in the comments if you're holding BitFarms shares, what you thought about Q1 earnings, and your outlook for the year ahead.…

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Power Mining Analysis « » Bitcoin Miners vs Bitcoin Price: The Correlation Disconnect & HODL vs MCAP Analysis!

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1. Compass Mining Introduction (00:00:00)

2. ] James Wynn's $800M Bitcoin Position (00:22:30)

3. Bitcoin Market Update and Power Play (00:30:10)

Bitcoin Miners vs Bitcoin Price: The Correlation Disconnect & HODL vs MCAP Analysis!

פרקים

1. Compass Mining Introduction (00:00:00)

2. ] James Wynn's $800M Bitcoin Position (00:22:30)

3. Bitcoin Market Update and Power Play (00:30:10)

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Bitcoin Miners vs Bitcoin Price: The Correlation Disconnect & HODL vs MCAP Analysis!