Providing weekly Bitcoin-centric content on "The @Alpha__Insights Show" and "The Week That Was" #TWTW in the Mining Mafia community - always looking for great bitcoin related topics & guests!
This is Elaine Daniel's wife. I want to take a moment to express my deepest gratitude for all the love, prayers, and support you have shared with our family during this incredibly difficult time. Knowing how much he was appreciated, loved, and respected brings great comfort.
Halfway through Q3 and the numbers for #bitcoin miners are not good. Only $CORZ is green, and some significant pullbacks for many companies.
Compared to the end of July (see quoted post) the numbers are stark. The last ~2 weeks have seen large drops in pps. Many investors on X
$CLSK disclosed in their Q3 report that all-in costs (energy, depreciation & financing) were less than $44K/BTC at wholly owned sites.
At $90k Bitcoin, they are making ~$46k/coin profit
Mining 700 coins a month
• ~$32M/month
• ~$100M/quarter
Efficiency/margins matter
Cutting and Pasting from my Q3 report notes - this will be updated in Q4 report to now include the sites in MS they purchased as well as the GRIID pipeline of 400MW in TN. Timestamp is from the Q3 call
---
3. Energy Costs - (24:48) - CFO @GaryVec broke down costs:
--> Energy
$MARA@MARAHoldings has been (rightfully) getting a lot of attention on their convertible note offerings & running the $MSTR playbook re: Bitcoin treasury strategy.
But they can do smthg @saylor cannot - they can mine it at prices less than spot.
Unlike $MSTR whose core
With our 0% convertible note offering:
- We acquired 5,771 BTC so far, at an average price of $95,554 per BTC.
- 35% BTC Yield Per Share
- Total owned BTC: ~33,875 BTC, currently valued at $3.4B based on a spot BTC price of $99k.
Finishing my DD updates for the 6 #Bitcoin mining positions in my portfolio with my #1 position, $CLSK@CleanSpark_Inc - (Price🎯at bottom)
Why CLSK? Execution, efficiency, effective leadership, clear communication, stable energy contracts, and vertical integration - $CLSK
Updated allocation of #Bitcoin miner stocks as of 2/9 with updated bear, base, and bull targets🎯 post January updates
$CLSK 🐻$41,🟰$80,🐂$126
$MARA 🐻$60,🟰$132,🐂$210
$BITF 🐻$15,🟰$40,🐂$65
$IREN 🐻$35,🟰$60,🐂$112
$MSTR 🐻$690,🟰$855,🐂$1140
$CIFR 🐻$24 🟰$38,🐂$91
$WULF
Updated allocation of #bitcoin#btc miner stocks as of 2/2 (no sells, just buys) and my bear, base, and bull targets 🎯. Bear assumes #Bitcoin📷 rises to between $100k-125K. In the Bull case we see $250K.
$CLSK 🐻$28, 🟰$67, 🐂$136
$MARA 🐻 $50, 🟰$152,🐂$270
$BITF 🐻$16,
Decided to break down each of my 7 #Bitcoin#btc mining positions, one a day, smallest to largest. Today:
#1 - $CLSK@CleanSpark_Inc - What's attractive about this position? Execution, efficiency, (~99% miner uptime), effective leadership, clear communication,
Since many ask my exposure, I allocate ~20% of my portfolio to high R/R cycle plays, and right now that entire 20% is in the following #bitcoin related stocks.
%'s based on closing price 2/16:
$CLSK 32.9%
$BITF 20.7%
$MARA 17.9%
----
$RIOT 7.5%
$MSTR 7.4%
$IREN 6.0%
$WULF 4.3%
$CLSK@CleanSpark_Inc $27 🎯 from HC Wainwright - full writeup below 👇
"We believe shares of CLSK provide investors with superior, pure-play exposure to BTC’s upside potential, and we expect the stock to outperform the underlying and its peers in 2025. Reiterate Buy rating and
Bought $MARA right here, down 14% on well above average (83M) volume.
IDK about you, but I look to buy the blood, and this is as bloody as it gets for the top HODL company in the mining sector with over 28,000 Bitcoin and counting 🤷♂️