Public Miner Analysis

Articles and analysis of Bitcoin mining stocks.

Analyzing the Merger Between Hut 8 and US Bitcoin

One of the most significant deals in the history of bitcoin mining is taking place as we speak. Hut 8 and US Bitcoin announced they will merge, creating a North American bitcoin mining giant. The new company will go under the name Hut 8 and will be the largest public

Jaran Mellerud
Jaran Mellerud
Public Miner Analysis

Do the public miners spend too much on administration?

Public bitcoin mining companies have historically spent a higher share of their revenues on administration than firms from comparable sectors. These administrative spending habits have raised concerns from investors experienced in similar but more mature industries like gold mining, tech, or oil and gas. Like these investors, I struggle with

Jaran Mellerud
Jaran Mellerud
Public Miner Analysis

2022: The Toughest Year Ever for Public Bitcoin Miners

In 2022, more bitcoin mining stocks traded on public markets than ever since public mining companies began cropping up in 2017. For some, it was their first full trading year - and it could also be their last. This article analyzes performances, news, and trends regarding public miners in 2022.

Jaran Mellerud
Jaran Mellerud
Public Miner Analysis

Highlights from CleanSpark's Annual Report

CleanSpark just revealed the state of its finances and operations in its latest annual report. How is it going with this fast-moving bitcoin miner? Find out in this article.

Jaran Mellerud
Jaran Mellerud
Public Miner Analysis

Which Public Bitcoin Miners Owe the Most Money?

The public bitcoin mining companies collectively owe more than $4 billion, and the biggest of them has already declared bankruptcy due to its unsustainable debt burden.

Jaran Mellerud
Jaran Mellerud
Public Miner Analysis

Culprits or Scapegoats: Do Bitcoin Miners Influence Bitcoin's Price?

Do bitcoin miners selling bitcoin overly affect Bitcoin's price?

Jaran Mellerud
Jaran Mellerud
Hashrate Index Newsletter

Highlights from Hive's Q3 Report

Hive Blockchain just lost its cash cow as Ethereum transitioned to proof-of-stake. This article analyzes the company's financial strength and discusses how impacted it was by "the merge".

Jaran Mellerud
Jaran Mellerud
Public Miner Analysis

Comparing the Valuations of Bitcoin Mining Stocks

Bitcoin mining stocks have been in free fall for the past year, leading to depressed valuations that could give some opportunities to risk-tolerant value investors. This article analyzes the valuations of public miners to find out who could be the most undervalued.

Jaran Mellerud
Jaran Mellerud
Public Miner Analysis