CleanSpark & TeraWulf Earnings + HIVE Production Update!

Power Mining Analysis

Bitcoin miners trade deep in the red despite Bitcoin holding above $116,000, demonstrating the volatile nature of mining stocks compared to the underlying cryptocurrency they produce.
• Hive Digital Technologies reaches 15.1 ExaHash milestone, representing 150% hash rate growth since January
• July production totaled 203 Bitcoin, up 24% from June, with improved fleet efficiency of 5%
• Hive targeting 25 ExaHash by Thanksgiving through strategic partnership with Bitmain
• TeraWulf reports mining 485 Bitcoin in Q2, with average energy costs of $45,555 per Bitcoin
• TeraWulf's HPC strategy includes 72.5 MW contract with Core42, with revenue beginning in Q3
• CleanSpark reports $257M net income heavily influenced by Bitcoin price appreciation
• CleanSpark's total cash cost per Bitcoin at $64,016, with additional $47,000 in depreciation per coin
• Mining companies face significant impact from non-cash expenses, particularly depreciation
• Current Bitcoin price of $116,000 represents substantial increase from Q2 average of $98,500
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Chapters

1. Market Overview: Bitcoin Miners Deep in Red (00:00:00)

2. Hive Digital's Production Growth to 15 ExaHash (00:03:16)

3. Terawolf Q2 Earnings and HPC Strategy (00:10:00)

4. CleanSpark's Q2 Results and Financial Analysis (00:15:12)

5. Mining Costs Comparison and Market Outlook (00:21:41)