March Performance Analysis: Bitcoin Miner Valuations & Metrics!

Power Mining Analysis

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

35:19

We’ve turned intuition into a buzzword—flattened it into a slogan, a gut feeling, or a vague whisper we don’t always know how to hear. But what if intuition is so much more? What if it's one of the most powerful tools we have—and we’ve just forgotten how to use it? In this episode, I’m joined by Hrund Gunnsteinsdóttir , Icelandic thought leader, filmmaker, and author of InnSæi: Icelandic Wisdom for Turbulent Times . Hrund has spent over 20 years studying and teaching the science and art of intuition through her TED Talk, Netflix documentary ( InnSæi: The Power of Intuition ), and global work on leadership, innovation, and inner knowing. Together, we explore what intuition really is (hint: not woo-woo), how to cultivate it in a culture obsessed with logic and overthinking, and why your ability to listen to yourself might be the most essential skill you can develop. In This Episode, We Cover: ✅ Why we’ve misunderstood intuition—and how to reclaim it ✅ Practical ways to strengthen your intuitive muscle ✅ What Icelandic wisdom teaches us about inner knowing ✅ How to use intuition during uncertainty and decision-making ✅ Why trusting yourself is an act of rebellion (and power) Intuition isn’t magic—it’s a deep, internal guidance system that already exists inside you. The question is: are you listening? Connect with Hrund: Website: www.hrundgunnsteinsdottir.com TedTalk: https://www.ted.com/talks/hrund_gunnsteinsdottir_listen_to_your_intuition_it_can_help_you_navigate_the_future?utm_campaign=tedspread&utm_medium=referral&utm_source=tedcomshare Newsletter: https://hrundgunnsteinsdottir.com/blog/ LI: www.linkedin.com/in/hrundgunnsteinsdottir IG: https://www.instagram.com/hrundgunnsteinsdottir/ Book: InnSæi: Icelandic Wisdom for Turbulent Times Related Podcast Episodes: How To Breathe: Breathwork, Intuition and Flow State with Francesca Sipma | 267 VI4P - Know Who You Are (Chapter 4) Gentleness: Cultivating Compassion for Yourself and Others with Courtney Carver | 282 Share the Love: If you found this episode insightful, please share it with a friend, tag us on social media, and leave a review on your favorite podcast platform! 🔗 Subscribe & Review: Apple Podcasts | Spotify | Amazon Music…

about a year ago 37:54

MP3•Episode home

The McNallie Money team breaks down the March performance data for Bitcoin miners, revealing improved production metrics across the board while examining the significant disconnect between current market valuations and underlying assets.
• Marathon, Riot, and CleanSpark lead Bitcoin production with HUT 8 showing a remarkable 72% increase month-over-month
• March showed less curtailment from miners, improving efficiency across all major operations
• Bitcoin mining stocks down 49% year-to-date despite Bitcoin trading around $84,500
• Morgan Stanley's infrastructure valuation metric of $5 per watt suggests significant undervaluation of mining companies
• HODL as percentage of market cap reveals companies like DMG (110%), Marathon (91%), and Hive (80%) trading at or below the value of their Bitcoin holdings alone
• Fleet efficiency metrics improving across all major miners, with many achieving sub-20 joules per terahash
• Four of the top five Bitcoin holders globally are mining companies covered in this analysis
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Chapters

1. Mining Performance Overview (00:00:00)

2. March Bitcoin Mining Results (00:07:43)

3. HODL Strategies & Market Valuation (00:14:52)

4. Infrastructure Valuation Metrics (00:21:31)

5. Fleet Efficiency & Technical Metrics (00:27:07)

6. Year-to-Date Performance Analysis (00:34:32)

301 episodes

March Performance Analysis: Bitcoin Miner Valuations & Metrics!

Power Mining Analysis

published about a year ago

MP3•Episode home

Chapters

1. Mining Performance Overview (00:00:00)

2. March Bitcoin Mining Results (00:07:43)

3. HODL Strategies & Market Valuation (00:14:52)

4. Infrastructure Valuation Metrics (00:21:31)

5. Fleet Efficiency & Technical Metrics (00:27:07)

6. Year-to-Date Performance Analysis (00:34:32)

301 episodes

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

All episodes

Power Mining Analysis

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

2 days ago1:06:36

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.…

Power Mining Analysis

1
Bitdeer Technologies - Head of Capital Markets, Jeff LaBerge Q&A - Q4 Earnings & Outlook! 48:49

3 days ago48:49

48:49

Bitdeer showcases impressive technological advancements with their SealMiner A3 achieving 9.7 joules per terahash efficiency at chip level, positioning them at the forefront of Bitcoin mining innovation. Jeff LaBerge walks us through their Q1 earnings, strategic shifts, and ambitious roadmap targeting 40 exahash of self-mining capacity by year-end. • Q1 revenue of $70 million with first $4.1 million in ASIC sales recognized • Self-mining hash rate increased to 12.1 exahash by quarter end • Pivoting 570-megawatt Clarington, Ohio facility from Bitcoin mining to HPC/AI data center • Successful tape-out of SealMiner A3 with industry-leading 9.7 J/TH efficiency at chip level • Revolutionary A4 chip in development with target of 5 J/TH efficiency using entirely new architecture • Strategic advantages of global operations including hydropower in Norway and vertical integration in Alberta • Strong balance sheet with $215 million cash plus $130 million in cryptocurrency (at cost) • Focus shifting from hosting to self-mining and ASIC manufacturing • US manufacturing for SealMiners starting in second half of 2025 Take a second to hit the like button, subscribe to McNally Money, and let us know in the comments what you thought about Bitdeer's results and your outlook for the remainder of 2025.…

Power Mining Analysis

1
IREN Co-Founder & Co-CEO Daniel Roberts Q&A - Q3 Earnings & Outlook! 49:05

3 days ago49:05

49:05

Iren continues to deliver exceptional financial results with consecutive quarters of profitability while strategically expanding from Bitcoin mining to AI infrastructure development. Their record revenues and EBITDA reached $148 million and $183 million respectively, all while maintaining an impressive $41,000 all-in cost to mine Bitcoin. • Iren achieved 28% growth in quarter-on-quarter net income • Currently at 40 exahash with plans to reach 50 exahash in the coming weeks • Average energy costs of 3.3 cents per kilowatt-hour, with recent improvements to 2.5-2.9 cents • AI cloud services revenue increased 33% to $3.6 million • Horizon One, a 50-megawatt liquid-cooled data center, scheduled to come online in Q4 2025 • Sweetwater development planned with up to 2 gigawatts of capacity for AI infrastructure • Company requires approximately $250 million in additional funding through year-end • Pursuing multiple financing options including convertible notes, corporate bonds, and GPU-specific financing • Transitioning to US domestic issuer status in July 2025 • Management confident in signing AI infrastructure customers before completion of Horizon One Join us next time as we continue tracking Iron's expansion and the evolving landscape of digital infrastructure. Like, subscribe, and let us know in the comments if you're currently holding Iron shares and what you thought about their Q3 results.…

Power Mining Analysis

1
Mining Giants' Quarterly Showdown: IREN, BTDR & BITF Earnings + HIVE News! 35:36

4 days ago35:36

35:36

We explore the latest developments in Bitcoin mining as earnings season reveals which miners are thriving and which are struggling in the current market conditions. • Iren stands out with $24 million in net income while most miners operate in the red • Bitdeer breaks efficiency barriers with their new A3 ASIC at under 10 joules per terahash • Hive Digital Technologies has sold 75% of their Bitcoin holdings to fund expansion to 8.3 exahash • Bitfarms faces challenges with Argentina operations representing 13-14% of their hash rate • Industry-wide shift toward High-Performance Computing (HPC) services as miners seek predictable revenue • Preview of upcoming interviews with Iren's Dan Roberts, Bitdeer's Jeff LaBerge, and Bitfarms' Ben Gagnon Join us for in-depth interviews with the CEOs and executives of these mining companies in the coming episodes to dig deeper into their strategies and future plans. Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter…

Power Mining Analysis

1
Crypto's Corporate Evolution: CleanSpark Upgrades and Coinbase's S&P 500 Milestone! 32:57

6 days ago32:57

32:57

Bitcoin miners rally as the cryptocurrency approaches $104,000, with cleanspark receiving a price target upgrade to $25 from Clear Street and Coinbase joining the S&P 500 index. Mining economics are improving as hash price climbs from $37 to $56, giving operators breathing room despite the challenges created by this year's halving event. • CleanSpark receives analyst upgrade to $25 price target based on peer play strategy and no equity dilution approach • Iron, BitDeer, and BitFarms earnings coming this week, with industry looking to see if any miner can achieve net income • Coinbase joining S&P 500 represents major milestone for crypto adoption and institutional acceptance • Hash price recovery to $56 and transaction fees increasing to 2.3% improving mining economics • Mining industry facing fundamental challenge as halvings double energy costs, requiring ever-cheaper power • Fleet efficiency improvements continuing with BitDeer's A3 Seal Miner potentially reaching sub-10 joules per terahash • Robinhood purchasing WonderFi, expanding crypto services into Canada • Gryphon Mining share price surge reshaping Minor Madness competition leaderboard Hit the like button if you enjoyed this episode, and let us know in the comments how you're feeling about upcoming miner earnings, your top pick in the sector, and your Bitcoin price outlook. Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter…

Power Mining Analysis

1
Bitcoin's American Revolution: ABTC, Gryphon & Hut 8 News! 23:22

7 days ago23:22

23:22

The mining landscape sees a dramatic shift as Griffin Mining stock surges 850% following merger news with American Bitcoin Company (ABTC) and Hut 8, creating a potentially powerful new entity in the Bitcoin mining space. • Gryphon Mining's market cap exploded from $30 million to over $100 million following the announcement • ABTC grants Gryphon 2% ownership while retaining 98%, valuing the combined entity around $1.5 billion • Leadership team includes Eric Trump along with experienced mining executives from Hut 8 • Company aims to build "America's Bitcoin infrastructure backbone" with plans to expand to 30+ exahash • Most competitors have slowed Bitcoin mining growth while ABTC is "flooring the gas pedal" • Michael Saylor's MicroStrategy continues aggressive Bitcoin acquisition with another 13,390 BTC • US-China 90-day tariff pause provides breathing room for miners to import machines • Conor McGregor proposes Bitcoin reserve for Ireland, showing growing European interest Like and subscribe for daily updates on Bitcoin mining, markets, and industry consolidation as we track the rapidly evolving landscape.…

Power Mining Analysis

1
Deep Dive: CLSK, MARA & WULF Earnings + BTDR, HIVE & SLNH Production! 50:00

10 days ago50:00

50:00

Bitcoin mining companies reveal contrasting strategies and results as they navigate post-halving challenges while expanding into high-performance computing and AI infrastructure. • CleanSpark shows strong discipline with 53% margins and controlled stock-based compensation • Marathon Digital disappoints despite having the largest Bitcoin treasury of 48,000+ BTC • BitDeer's vertical integration strategy features their Seal Miner A3 at industry-leading 9.7 joules per terahash • HIVE Blockchain continues Paraguay expansion, reaching 7.3 exahash with impressive 15.8 BTC per exahash efficiency • Soluna Holdings develops multiple large-scale projects for both Bitcoin and AI hosting • TeraWulf struggles with high power costs (8.1 cents/kWh) and reports negative adjusted EBITDA • US miners rushing to import machines before July 9th tariff exemption expires • Most miners selling Bitcoin to fund expansion as price remains above $100,000 Join us next week for exclusive interviews with executives from Iren, Bitdeer, and Bitfarms as we continue tracking the evolving mining landscape. Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter…

Power Mining Analysis

1
Luxor Technology - COO, Ethan Vera Q&A - Optimizing Bitcoin Mining Through Firmware! 47:04

10 days ago47:04

47:04

Firmware is emerging as a critical competitive advantage in Bitcoin mining, with advanced solutions like Luxor's LuxOS enabling miners to optimize operations and increase profitability by 15-20% compared to stock settings. Ethan Vera, COO of Luxor Technology, explains how intelligent mining software is transforming the industry by dynamically responding to changing conditions. • Stock firmware from manufacturers provides basic functionality but limited optimization capabilities • Third-party firmware offers features like auto-tuning that can improve machine efficiency by several percentage points • Overclocking increases hashrate during favorable mining conditions while underclocking improves efficiency during challenging periods • Advanced thermal management protects hardware and extends machine lifespan by automatically adjusting performance based on temperature • No-pick protection allows machines to continue operating with two functional hashboards if one fails • Intelligent mining systems can respond to real-time changes in power prices and hash price • The future includes predictive capabilities that anticipate mempool activity and difficulty adjustments • Global mining expansion continues in Africa and Latin America while North American miners face tariff challenges • Tariffs on ASIC imports from Southeast Asia could reach 38% after July 9th, potentially reshaping the competitive landscape Hit the like button, subscribe to McNally Money, and let us know in the comment section what you thought of today's discussion with Ethan and if you have any additional questions for him and the Luxor team.…

Power Mining Analysis

1
Bitcoin Retakes $100,000 + Hut 8 Corp. & Core Scientific Earnings Analysis! 37:56

11 days ago37:56

37:56

Bitcoin breaks through the $100,000 threshold, pushing mining stocks significantly higher as the market demonstrates strong momentum across both Bitcoin and altcoins. • Bitdeer leading mining stock gains, up nearly 19% as they advance their Seal Miner technology • Hut 8 earnings show net loss of $134.3 million due to Bitcoin holdings valuation, but reveal 2.6 gigawatts of exclusive power capacity • Core Scientific on track for 250 megawatts of billable capacity to CoreWeave bringing $360 million annual run rate • CoreWeave partnership delivers 75-80% net profit margins on a 10-year, $10 billion contract • Coinbase acquires Deribit for $2.9 billion, the largest M&A activity in crypto history • Arizona signs modified Bitcoin reserve bill using funds from confiscated assets • New Hampshire becomes the first state to formally adopt a Bitcoin strategic reserve Go to compassminingio to learn more about Bitcoin mining hosting solutions for individuals and businesses. Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter…

Power Mining Analysis

1
Bitcoin Mining's Resurgence: What's Next for Miners & DMG Production! 25:49

12 days ago25:49

25:49

Bitcoin continues its rally above $97,000 while the mining stock sector shows a rotation from major miners to smaller players with Griffin Mining up 200% in the past month. • Gryphon Mining up 9.37% today and 200% in the past month, becoming the first miner to turn green year-to-date • DMG produced 30 Bitcoin in April, increased hash rate by 11% to 2.1 EH/s • DMG sold 137 Bitcoin in April, part of a broader trend of miners selling Bitcoin reserves • Marathon and DMG both have Bitcoin holdings worth approximately 100% of their market capitalization • Mining difficulty projected to increase 5.5% in the next adjustment following a 3.3% decrease • Global hash rate's 7-day moving average has reached 908, approaching the 1,000 threshold • Upcoming interviews include Luxor Technology, Iron Blockchain, BitDeer, and Bitfarms • Market currently favors miners expanding into high-performance computing over pure Bitcoin mining operations Check out our free weekly newsletter at powermininganalysis.com for exclusive coverage of the mining sector and our Miner Madness competition updates. Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter…

Power Mining Analysis

1
IREN & CleanSpark Production, Cipher Mining Q1 Earnings & New Hampshire SBR Passes!! 40:28

13 days ago40:28

40:28

Major Bitcoin mining companies report strong performance metrics despite recent halving challenges, with several miners maintaining impressive efficiency rates and healthy profit margins. • Iren's operational hash rate increased 21% month-over-month to 36.6 EH/s • Iren achieved 9% increase in Bitcoin production despite halving and shorter month • Iren's AI cloud services revenue grew 25% to $2 million monthly with 98% margin • CleanSpark maintained 40.1 EH/s operational hash rate with 15.8 J/TH efficiency • CleanSpark increased Bitcoin holdings to 12,101 BTC valued at $1.14 billion • Cipher Mining achieved 69.6% mining margin in Q1 despite challenging conditions • Global hash rate shows the US dominating with Texas representing 25-30% of worldwide mining • Network difficulty decreased 3.3%, providing temporary relief for miners • New Hampshire becomes first state to pass a Strategic Bitcoin Reserve bill into law • Top mining stocks showing signs of recovery with several up 30-60% in recent weeks Visit compassmining.io to learn how you can start mining Bitcoin in as little as 48 hours with our turnkey hardware solutions. Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter…

Power Mining Analysis

1
Riot Platforms CEO Jason Les Q&A - Q1 Earnings, April Production & HPC Updates! 54:03

13 days ago54:03

54:03

Riot Platforms CEO Jason Less joins us to discuss their record-breaking Q1 2025 earnings despite Bitcoin's halving and discusses their strategic pivot toward AI data centers. • Record Q1 revenue of $161.4 million, more than doubling year-over-year despite halving • Improved operational efficiency with nearly 90% hash rate utilization • Settlement with Rhodium eliminates $15 million annual losses and recaptures 125 megawatts • Current Bitcoin mining cost of $43,808 per coin with power costs at $35,313 • Immersion cooling at Corsicana showing advantages in maintenance and machine stability • Feasibility study confirms Corsicana's 1 gigawatt facility ideal for AI/HPC data centers • Enhanced site appeal through additional land acquisition, fiber routes, and water access • Engineering segment growing with ESS Metron and E4A Solutions integration • Strategic shift to selling monthly Bitcoin production to fund growth with minimal dilution • Focus on "Bitcoin yield" metric - growing Bitcoin per share by 39% in 2024 Subscribe to McNally Money for more mining insights and power market analysis, and let us know in the comments if you're holding Riot shares and your outlook for 2025. Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter…

Power Mining Analysis

1
April Production Analysis: Cipher Mining, Marathon & Riot Platforms! 28:51

14 days ago28:51

28:51

We examine the market's peculiar disconnect between Bitcoin miners' treasuries and their market caps, with Marathon Digital and DMG Blockchain holdings worth more than their entire company valuations. • Marathon's production down 17% month-over-month, yet added 705 Bitcoin to their treasury with zero sales • Riot Platforms shifts strategy, selling 100% of monthly production plus additional treasury Bitcoin • Cipher Mining also increasing Bitcoin sales, reducing their HODL balance to fund operations • Several miners have Bitcoin treasuries exceeding 100% of their market cap, while MicroStrategy trades at a premium • Arizona Governor vetoes state Bitcoin reserve bill despite widespread cryptocurrency ownership • Bitcoin's yearly price lows continue trending upward, with the 2024 low at $38,500 now far below current levels • Bitcoin 2024 conference approaching with notable speakers including Trump family members and Ross Ulbricht Join us in a few hours for our Q1 earnings interview with Riot's Jason Les where we'll discuss their strategic shift and get updates on their Altman Salon AI study. Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter…

Power Mining Analysis

1
Riot's Q1 Earnings Reveal Mining Industry's Turning Point & 2025 Miner Catalysts! 29:56

17 days ago29:56

29:56

The Bitcoin mining sector is experiencing a resurgence as Bitcoin flirts with $98,000 while miners show strong price action and improved financial metrics. • Riot up 12% following Q1 earnings with revenue increasing to $161.4 million from $79 million • Mining profitability improving with hash price exceeding $50 per petahash per day • Global hash rate plateauing between 800-900 exahash after previously reaching 1,000 exahash • Bitcoin difficulty reduction estimated at 4.6%, providing miners 4-5% more production without additional costs • Massive ETF inflows of over $4 billion since mid-April, representing purchases of approximately 45,000 Bitcoin • Exchange Bitcoin reserves continue to decline, down 88,000 BTC in the last 30 days • Mining companies pivoting strategies with some pausing self-mining growth to focus on HPC/AI initiatives Smash the like button and subscribe to McNally Money. Let us know in the comment section how you're feeling about Bitcoin mining stocks and your current top pick in the sector. Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter…

Power Mining Analysis

1
Bitcoin Breaks $97K: Riot Platforms, Bit Digital, Bitfarms & DMG Blockchain News! 28:39

18 days ago28:39