Power Analysis

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...

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%...

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 los...

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 ad...

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 previ...

We analyze Bitcoin's surge past $97,000 and its powerful impact on mining stocks, with companies like Terawulf gaining up to 17% in a single session. This remarkable performance highlights how mining stocks offer leveraged exposure to Bitcoin while maintaining tangible assets and growth potential. • Bitfarms reports April production of 268 Bitcoin with their energized hash rate at 19.5 EH/s ...

Bitcoin mining companies face significant paper losses in Q1 2025 earnings due to FASB accounting rules that require marking their Bitcoin holdings to market prices. As Bitcoin fell from $93,429 to $82,549 during the quarter, major miners like Marathon could show unrealized losses approaching $600 million despite operational improvements. • FASB accounting creates massive paper losses for miners w...

Cameron Morrissey, Director of Operations at Compass Mining, shares insights on managing Bitcoin mining facilities across the US, focusing on how the company achieves 99% uptime through careful infrastructure planning, weather monitoring, and strategic vertical integration. • Class of 2020 vintage in Bitcoin after initially investing in gold as an inflation hedge • Moved from training specialist t...

Bitcoin is experiencing unprecedented institutional and governmental adoption, suggesting this cycle could be fundamentally different from previous ones. Major catalysts from state-level reserves to corporate treasury adoption are reshaping market dynamics. • Arizona holding final vote on state-level strategic Bitcoin reserve policy today • Strategy purchased another 15,355 Bitcoin ($1.5 billion),...

Bitcoin mining stocks continue their recovery with a third consecutive green day as Bitcoin stabilizes around $93,500, showing strong support after the recent drop to $76,000. ETF inflows exceed $2.2 billion this week, driving Bitcoin's upward momentum while global M2 money supply reaches new highs. • All but one Bitcoin miner trading in the green today • Miners trading in top part of daily r...

Bitcoin's price surge to $94,000 has dramatically boosted mining stocks, with companies like Bitdeer and BitFarms seeing gains of 20% and 8% respectively while creating new valuation opportunities across the sector. • Market caps of mining companies remain significantly undervalued compared to their Bitcoin holdings • Marathon's Bitcoin holdings worth $4.4 billion while their market cap...

We explore Bitcoin's dramatic surge past $91,000 and its impact on mining stocks which are up double digits with some exceeding 20% gains in a single session. • Bitcoin mining stocks acting as a leveraged proxy to BTC, often delivering 3-4x the gains • Soluna Holdings announces another major deal with Blockware for Project Dorothy • Hash price recovery to $47 range alongside expectations for...

The team from Logistics Plus details how they help Bitcoin miners navigate complex supply chain challenges, especially the current tariff environment affecting ASIC imports. • Danny Yunes and Jason Bernick bring decades of combined supply chain expertise to the cryptocurrency sector • Current tariffs on ASICs from China have reached 145%, while imports from other countries face 12.6% tariffs • Bit...

Bitcoin breaks through the $88,000 mark, showcasing its decoupling from traditional markets as indices like the S&P 500 and NASDAQ tumble. This divergence highlights Bitcoin's emerging role as a safe haven asset during economic uncertainty, providing investors with an alternative to conventional investment vehicles. • Bitcoin up 3% while traditional markets down 2.5%, demonstrating clear...

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...

Bitcoin mining stocks are trading at steep discounts compared to their infrastructure value, with most miners showing significant upside potential based on their megawatt capacity at current market valuations. • Mining stocks down approximately 25% in the past month despite Bitcoin price remaining relatively stable • Iren achieves 40 exahash milestone, confirming they're on track for their 50...

Matt Williams, Head of Derivatives at Luxor Technology, breaks down the revolutionary financial tools being developed for Bitcoin miners to hedge their risk exposure and secure more predictable revenue streams. • Bitcoin miners face three main risk exposures: power costs, Bitcoin treasury volatility, and hash rate revenue uncertainty • Forward hash derivatives allow miners to lock in their expecte...

The Bitcoin mining sector witnessed significant volatility with major miners dropping 6-9% despite Bitcoin only declining by about 1-1.5%, revealing a puzzling disconnect between the cryptocurrency and mining stock performance. • CleanSpark announces a strategic shift with a $200 million Bitcoin-backed credit facility from Coinbase while changing their approach from 100% hodling to selling Bitcoin...

Bitcoin mining stocks show an optimistic start to the week while major market participants like Michael Saylor continue aggressive Bitcoin acquisition with rumors that GameStop may add Bitcoin to its balance sheet. • DMG Blockchain trades at a market cap valuing its Bitcoin holdings at 110% of the company's total value • Most miners are currently operating at thin margins with Bitcoin price n...

Bitcoin pulls back to $81,500 while mining stocks experience extreme volatility following Trump's tariff announcement that created a 20% rally followed by significant pullbacks today. • Miners showing 5-6x volatility compared to Bitcoin price movements • Trump's 90-day tariff implementation timeline announcement singlehandedly moved markets dramatically • Soluna Holdings released positiv...

Bitfarms CEO Ben Gagnon joins us to discuss the company's strategic transformation, including their shift toward US operations, the Macquarie Group financing partnership, and their expansion into HPC and AI infrastructure. • Transitioning from international operations to focus on North American assets that offer diversification opportunities beyond Bitcoin mining • Securing a $300 million fin...

Bitcoin surges past $82,000 as markets respond positively to Trump's 90-day pause on tariffs, with the S&P 500 gaining over 7% and adding $3.5 trillion to the US stock market in a single day. We examine how Bitcoin's limited supply creates a potential bottleneck as institutional and possibly nation-state buyers enter the market. • Only 16 million Bitcoin potentially available with 3....

Market volatility reaches extreme levels as the US imposes 104% tariffs on China, causing a 6% intraday swing in the S&P 500 while Bitcoin demonstrates relative resilience amid economic uncertainty. This heavy-handed negotiation approach by the Trump administration has created significant turmoil across global markets, with miners' stocks down an average of 50% since the beginning of the...

Lawrence Lepard, author of The Big Print, explains how the broken monetary system leads to political dysfunction and economic inequality, while Bitcoin offers a path toward restoring a fair financial system for all. • Sound money advocate with background as investment manager since early 2000s • Started with gold/silver in 2008 before discovering Bitcoin in 2013 • Wrote The Big Print to make monet...

The global financial landscape is experiencing extraordinary volatility with record-setting declines in indices worldwide, while Bitcoin miners demonstrate surprising resilience in the face of market turmoil triggered by Trump's tariff announcements. • Bitcoin and mining stocks holding up well despite global market fears • Trump's tariff strategy bringing countries to the negotiating tab...