Search a title or topic

Over 20 million podcasts, powered by 

Player FM logo
Artwork

Content provided by Anthony Power & Bryce McNallie, Anthony Power, and Bryce McNallie. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Anthony Power & Bryce McNallie, Anthony Power, and Bryce McNallie or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.
Player FM - Podcast App
Go offline with the Player FM app!

Bitcoin Miners: Undervalued Megawatt Giants?

21:05
 
Share
 

Manage episode 477415614 series 3570269
Content provided by Anthony Power & Bryce McNallie, Anthony Power, and Bryce McNallie. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Anthony Power & Bryce McNallie, Anthony Power, and Bryce McNallie or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

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 exahash target by mid-2025
• Morgan Stanley analysis suggests Bitcoin mining infrastructure valued at approximately $5 per watt in recent transactions
• Applied to current miners, this shows potential upside of 2-5x current market caps for many companies
• Iren's 660 megawatts valued at $3.3B using this metric versus $1.2B current market cap
• Smaller miners like Saluna show even larger gaps, with 75MW potentially worth $375M versus $8M market cap
• Data center REITs and companies like CoreWeave ($18B valuation) demonstrate premium valuations for similar infrastructure
• Current Bitcoin mining economics remain challenging with hash price around $38-39 per petahash/day
• Only the most efficient miners like Iron (15J/TH) positioned to generate meaningful profits in current environment
• Increasing investment in AI infrastructure including Nvidia's $500B US commitment highlights potential value of mining company assets
Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter

  continue reading

Chapters

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

2. Bitcoin Price vs Mining Stocks Performance (00:00:29)

3. Iron Achieves 40 Exahash Milestone (00:04:44)

4. Megawatt Valuations Explained (00:07:36)

5. Comparative Miner Analysis by Megawatt (00:09:21)

6. AI Infrastructure Investment Trends (00:17:16)

7. Mining Profitability Challenges & Outlook (00:19:13)

284 episodes

Artwork
iconShare
 
Manage episode 477415614 series 3570269
Content provided by Anthony Power & Bryce McNallie, Anthony Power, and Bryce McNallie. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Anthony Power & Bryce McNallie, Anthony Power, and Bryce McNallie or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

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 exahash target by mid-2025
• Morgan Stanley analysis suggests Bitcoin mining infrastructure valued at approximately $5 per watt in recent transactions
• Applied to current miners, this shows potential upside of 2-5x current market caps for many companies
• Iren's 660 megawatts valued at $3.3B using this metric versus $1.2B current market cap
• Smaller miners like Saluna show even larger gaps, with 75MW potentially worth $375M versus $8M market cap
• Data center REITs and companies like CoreWeave ($18B valuation) demonstrate premium valuations for similar infrastructure
• Current Bitcoin mining economics remain challenging with hash price around $38-39 per petahash/day
• Only the most efficient miners like Iron (15J/TH) positioned to generate meaningful profits in current environment
• Increasing investment in AI infrastructure including Nvidia's $500B US commitment highlights potential value of mining company assets
Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter

  continue reading

Chapters

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

2. Bitcoin Price vs Mining Stocks Performance (00:00:29)

3. Iron Achieves 40 Exahash Milestone (00:04:44)

4. Megawatt Valuations Explained (00:07:36)

5. Comparative Miner Analysis by Megawatt (00:09:21)

6. AI Infrastructure Investment Trends (00:17:16)

7. Mining Profitability Challenges & Outlook (00:19:13)

284 episodes

All episodes

×
 
Loading …

Welcome to Player FM!

Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.

 

Listen to this show while you explore
Play