#RIOT #HUT8 #HIVE #MARA #CryptoMiningStocks #Bitcoin #WhichMiningStocktoInvestIn
This video is the first of a two-part series that goes into great depth analyzing the top 4 crypto mining companies that I see from an investment perspective.
This analysis will look at every aspect of their business and financials to come up with a future forecast of price in the year 2023 and determine which is the best investment from all of these mining stocks. Remember this is not investment advice but just a theoretical analysis for entertainment purposes.
0:00 Intro to top 4 Mining Stocks
0:40 Disclaimer – The opinions expressed in the video are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product. It is only intended to provide education about the financial industry.
1:25 Top Mining Companies HIVE Blockchain Technologies Ltd. HVBTF Hut 8 Mining Corp. HUTMF Marathon Patent Group, Inc. MARA Riot Blockchain, Inc. RIOT
2:33 Why Are They Hot?
2:40 They have outperformed Bitcoin.
2:45 Rev up over 200% since May 2020
3:20 Why Miners Like Cold
3:45 Cost to Mine in 2020 The cost to mine 1 BTC is $8206.64. Assuming: Power at 0.04$ kWh S9 running custom firmware 71W per TH efficiency
4:44 Gross mining profitability is a function of:
Cost per KWH
5:00 The Hash Rate PH : BTC RATIO PetaHash BTC Per Yr REMEMBER THIS KEY # 1000 4000
5:37 Investment Philosophy Skew
6:00 HIVE – The Good Profitable woo-hoo PE 48! Growth 32% 42% ROE Hold 800 BTC Mine ETH Trading 21% below fair value today Revenue forecast to grow Ops in Canada, Sweden and Iceland Fidelity holding it in their OTC fund Green energy 1 year return 1,157%
7:15 THE BAD Low PetaHash rate compared to others I am concerned about their PH/MW ratio being under 20 14M shares recently sold by insiders
8:00 THE UGLY No options to trade, High level of non-cash earnings – what is their core? Shareholders heavily diluted over the last year Highly volatile
8:45 The Chart
9:00 HUT8 3,000 BTC – 24% of MktCap Green energy gas and wind Trading below fair value by 21% Revenue growth 13% Up 287% in a year
10:20 THE BAD Unprofitable Less than 1 year of cash runway remaining Shareholders have been heavily diluted over the last year Earnings fell by 23% over last 5 years PH over MW rate is less than 20
11:00 THE UGLY Insiders sold 3.5M shares in Jan No options
11:10 CHART BTC beat HUT 282 vs 267% Run is less than other mining stocks
11:30 PART II Marathon Patent Group, MARA Riot Blockchain, Inc. RIOT My Part II video