@Agrippa_Inv
Great post. For the last 3 years, I've argued that $MARA shouldn't be getting a premium price based on their poor operational performance and huge cost per coin. They only get this based on name recognition having been on Nasdaq the longest. Thanks for mathematically proving it.
@Agrippa_Inv
$IREN has lower costs in Texas than in Canada so as they continue to expand in Texas their advantage over other miners will only improve plus they also benefit from the economies of scaling up.
Mining Mafia member
@Mislawchuk
was 9th today in men's triathlon at the Paris Olympics.
Living through the recent $IREN dip was probably more painful than the race. Buying Bitcoin miners makes you tough.
Why I buy btc miners.
$IREN $1.02 low $1.02 low (DEC. 2022)
Friday close $10.53 (52 week high, $11.50 on Friday) currently up from low 932 %
$CLSK $1.73 low (DEC. 2022)
Friday close $15.58 (52 week high, $24,72) currently up from low 801 %
BTC up about 350 % from cycle lows
How often can a youth athlete train with their Olympic Hero
@Mislawchuk
Thanks, Tyler for giving back, and best of luck the rest of the season.
@MbTri
@SportManitoba
@BTCStocksInvest
Table has one huge flaw. $IREN are fully funded to 30 EH and almost completely done their ATM to 40 EH. Most if not all other miners have huge dilution ahead. You also neglect to mention $IREN was only miner to meet 2023 EH goals so probably most likely to meet 2024 goals.
@theBTCMiningGuy
CLSK has a better management team They continue to make correct decisions like selling at Market highs and buying their own facilities. While Mara waited to Market bottom and chose asset light instead of owning.
CLSK always delivers on their promises in a timely manner.
So sad. About a month ago I told some teenage athletes I coach I would take them for ice cream when $IREN hit $15. It surprised me and went to $14.95 a couple of weeks ago. It went down to $11. Today back to $14.95 and down. Should I cancel the bet to remove the barrier?
Short term the $IREN short report sucks but long term we are only back to a price level we were at on June 28th (2 weeks ago). Long-term probably an incredible buying opportunity. Culper shorted CLSK in 2021 before they went from $2 to $22 so I'll take my chances.
@ALLABTDOTS
Damn I came on to listen to
@mikealfred
and have to listen to someone try to chase him off. Don’t listen if not interested or start your own spaces.
We are so lucky to get this knowledge we don’t get anywhere else.
@jimcramer
Funny how Nikola proven a fraud took down the entire spac market making investors fear all spacs were frauds. Yet Nikola ($22.50) has a higher stock price than all current or recent spacs. That seems fair guilt by association Hyliion ($22.10) is one of many innocent victims.
@Charge_Stack
(2) It's almost like investors are no longer happy paying a premium for a miner with terrible operational performance, 2nd worst mining efficiency and highest cost per coin and unable to meet their past performance projections actually is starting to matter.
@Charge_Stack
(3) $CLSK and $IREN my 2 miner picks in 2022 (So I'm biased). I think $CLSK may be the best miner currently but love $IREN potential with all the energy they have access too. So still my picks.
@TLOUNCCAU
They have the highest cost per coin and are losing additional money on every coin they mine. Besides having the highest cost per coin their efficiency is amongst the worst in the business. The only thing they have going for them is name recognition and that only goes so far.
So it appears $MARA is curtailing. Wondering if most feel they are better off when curtailing or when they mine coins for a huge loss with their industry-leading high cost per coin.
@Charge_Stack
$MARA still has only delivered the 23.3 EH they promised shareholders for end of 2022 once out of 16 month since. History of big promises that aren't delivered. May get 50 EH but will only turn on 30 in 2024 if they repeat past trends.
@Charge_Stack
(2) I like both $CIFR and $WULF both energy-efficient miners with low cost per coin. Both could perform really well although I'm concerned this current bull run could end before they complete current expansion plans and benefit completely from their growth.
@Charge_Stack
$RIOT has failed to deliver for the last 18 months. Until very recently they were still selling at a price premium. So much to correct including giving stock compensation 4 times greater than $IREN did for July.
Easy $IREN pick for me even excluding AI / HPC potential.
@BTCStocksInvest
Iren has posted they aren't getting their next shipments of miners until July and August it was never part of their plan to increase EH in June but there have been many updates recently on the building process online. Please stop bashing IREN until they miss the September goal.
@Rex_Finance
During the last bull run Mara and Riot were the first 2 miners on the US exchange and many did well with Mara and became Mara Fanboys. Many don't follow what is going on but remember the name and follow without thinking.
Approaching a second 10X for me:
$CLSK $1.73 low (DEC. 2022) today close $16.36 (52 week high, $24,72) currently up from low 846 %
$IREN $1.02 low (DEC. 2022) today close $9.06 (52 week high, $9,69) currently up from low 788 %
@Charge_Stack
@KikoRoNa1
@TeraWulfInc
I don't understand him either. He spends as much time bashing $IREN as well yet he claims to be heavily invested in $IREN.
How can you be invested in a company you don't believe in.
@Mislawchuk
@SuperLeagueTri
Tough year. Although year after Olympics is best year to have one. You always come back stronger from every setback so enjoy a good break.
@GregLes_
The problem is we will have to wait until $RIOT announces July numbers before we know if they will work. Riot has fewer problems with having big miner numbers but big problems keeping them turned on.
@unusual_whales
Bitcoin not even at a 2022 low. In the current environment with everything down for it to not even be at a 3 month low perhaps crashing is a bit of hyperbole. It’s still in the same range as the last 6 weeks. Not positive but not exactly the decline your seeing elsewhere
@TLOUNCCAU
Buying the wrong stock and doubling down hasn't worked for me. $MARA you're paying for a name that is becoming more tarnished as they have severe operational issues and a much higher cost of coin. You will make money in the bull run but far less than in other miners.
@kilgore_joshua
@mikealfred
So you invited him to come on and speak but didn't want him too. Makes perfect sense. I only turned on to listen to Mike and sure I wasn't alone.
@theBTCMiningGuy
@mikealfred
Cryptoklepto is probably the most hated and dishonest person in the Bitcoin miner space. I remember him from Stocktwits in 2022 where he used to attack smaller miners. Mara Pigs following his advice have lost millions.
@JordanWike55
@fgthiel
It's not like $MARA shareholders didn't have warnings. They went through all of 2022 failing to meet Management performance goals. Since then the 2022 year end of 23.3 EH has only been mined 1 month of 15.
Missing mining goals 26 of 27 months was a warning.
$CLSK delivers.
@theBTCMiningGuy
I believe many people who own $CLSK have now bought $IREN. So picking a favorite stock is like picking a favorite child and can vary weekly on a recency bias. Most $MARA pigs can not read and just follow to the slaughter.
Why I buy btc miners.
$IREN $1.02 low $1.02 low (DEC. 2022)
Friday close $10.53 (52 week high, $11.50 on Friday) currently up from low 932 %
$CLSK $1.73 low (DEC. 2022)
Friday close $15.58 (52 week high, $24,72) currently up from low 801 %
BTC up about 350 % from cycle lows
@jimcramer
What facts on $SPAQ. You mentioned a couple of court cases but never bother to mention Fisker won them. You make a bunch of unproven negative allegations based on your bias against all SPACS because they don't fund your network like the regular IPO's you promote. Show us Facts.
@JarronJackson4
@bitcoinminorMKH
@Agrippa_Inv
$MARA pigs hate the math. They just do as they are told. They believe because $MARA did well last Bull cycle means they will perform well this cycle regardless of performance or cost per coin. Very much a meme stock with a cult following. Most hated mining company in the space.
@jimcramer
If the company is 3 to 4 years away from production as the short report says. How can they be entering the Baja 250 mile off road race next month.
@Hawkglock1
Please show proof. $MARA has been pretty consistent in always choosing wrong direction. They still haven't solved their asset light issue, low efficiency and high cost per coin.
@BTCStocksInvest
$IREN ran long before $CORZ news was announced. Their spike was completely related to their large revised 2024 growth plans. I don't think AI / HPC is at all priced in. Their growth is similar to what $CLSK experienced earlier this year with similar growth.
Unbelievable that 18 months ago $CLSK was 5% of $MARA marketcap. The fact that is any talk of $CLSK catching $MARA wasn't in the realm of possibility. Huge gains by $CLSK and outperformance of all other miners during this time. $CLSK making shareholders rich, Performance Matters
One of the best Sport Science Professionals I've ever had the pleasure of working with. I miss our our many hours spent trying to develop top athletes. Any one looking to get better in sport Daryl is amongst the best I could recommend.
@BTCStocksInvest
@hashoveride
Those Aussies were the only Bitcoin miners who made their 2023 goals. They continued that performance by beating their 2024 midterm goals by 1.5 months. That performance demands some respect at least until they miss a step.
@tom_gilgan
@BTCStocksInvest
@danroberts0101
I believe they are almost complete building 7 and have already started building 10 which is the last building they need completed for Q3 numbers. They are at various stages of completing all 4 buildings. While this is done they replace miners in BC adding 6 EH then add 4 EH in US
@web3_eth
@kalex726
@AustinHotaling
Sorry not sure who you are directing your question to. I bought into both $IREN and $CLSK in December 2022 when neither had hodl. So hodl wasn't factor in my decision to buy either. I prefer $CLSK strategy with the hodl but realize $IREN is about a year behind on growth plans.
@Crypto2Stocks
$CLSK is down some from it's $24 high but I'm holding. I'd put my $IREN performance over the last couple weeks against what BTC has delivered in that period so glad I didn't jump out. Most miners haven't performed well in 2024 so I'm confident they will run when Bitcoin does.
@DecryptSam
I don't own $CORZ so don't have a dog in the fight. They have mined more Bitcoin than any other miner in 2021, 2022, 2023 and so far in 2024. They have some issues coming out of bankruptcy but sell at 10% marketcap of $MARA. Their mining efficiency is very much better than $MARA.
@divyamkaushi
Sure everyone wanted $BITF if they could get it at a steal of a cost. Interest drying up I'm sure as stock price goes up. I agree with Mike Alfred and doubt the company is sold and higher stock price goes less chance of that occuring.
@gains_gary
@jimcramer
Please explain how they were always behind the pack when no one has ever sold an electric truck yet? Who exactly are they behind on electric truck sales?
@Charge_Stack
(1) Strange you would think the fact the stock performed well during the last bull run when most of the other miners didn't exist and the name recognition advantage it gave them would be enough for them to continue getting a huge premium over other miners. It worked in the past.
@danroberts0101
@IREN_Ltd
Is that the shipment to upgrade the Canadian miners in BC or the Childress new miners. I believe both are supposed to be changed in Q3.
@Rex_Finance
$MARA is a meme company. Impossible for them to be in the space for so many years and have the highest cost per coin and consistent reliability issues. Always some new thing to distract investors from the terrible performance. Any one who invests with them deserves the big losses
@Charge_Stack
Boom $IREN up over $RIOT to number 1 of the mid sized miners and eyes on joining the 3 big boys by year end. Next goal 20 EH by end of Q3 from 10 they are at. Will get 4 EH replacing old miners and 6 EH by expansion of Childress.
@Rex_Finance
Approaching a second 10X for me:
$CLSK $1.73 low (DEC. 2022) today close $16.36 (52 week high, $24,72) currently up from low 846 %
$IREN $1.02 low (DEC. 2022) today close $9.06 (52 week high, $9,69) currently up from low 788 %
I love both my children equally.
@BitcoinMagazine
All Bitcoin won’t be mined until 2140. How many of the people reading this will still be around when it is all mined. I’ll worry about it once it’s all mined.
@mikealfred
I promised athletes I coach ice cream when $IREN hit $15.00. They haven't been too happy last couple of weeks when it peaked at $14.95 and then turned around.
@DecryptSam
We are 16 months past the beginning of 2022 when $MARA promised shareholders 23.3 EH and they have met that goal one month in 16. Easy to set goals and harder to deliver on them.
@MusicalxMadn909
$MARA has 1.5 billion ATM open. Which is almost double $CLSK 800 miilion ATM. Major difference is $CLSK is using the ATM for expansion while $MARA is using its to pay for loses as they have the most expensive cost per coin mined and are losing millions at current Bitcoin price.
@kilgore_joshua
@mikealfred
Been in Iren and CLSK since 2022 but been following Mike since soon after. By they way you listeners are down over 50% in 15 minutes so was huge demand to listen to someone else.
@Charge_Stack
(I) don't like current operational performance of both $MARA and $RIOT and believe you are paying a premium price for both already simply based on name recognition based on them being on the Nasdaq a couple of years longer than other more efficient miners.
@pred3500
@CleanSpark_Inc
$CLSK sold all of their Bitcoin that they accumulated in last bull market near market highs. Compare this to $MARA who bought 5000 coins at $32,000 per coin and then sold half of them at $16,000 a coin to mark the bottom of last bear cycle. I know which miner I want to invest in.
@theBTCMiningGuy
I believe many people who own $CLSK have now bought $IREN. So picking a favorite stock is like picking a favorite child and can vary weekly on a recency bias. Most $MARA pigs can read and just follow to the slaughter.
@Charge_Stack
If deal wasn't done and agreed too this price jump could kill it. No way $CLSK changes offer for a company on verge of bankruptcy. Nice profit but very smart to get out as could drop as fast as it went up.
Can anyone explain $MARA mining performance. They are amazing mining 10 blocks in 24 hours but in the following 24 hours they have mined 0 according to the Mempool data. It's like some kid is constantly playing with the on and off switch. Why the curtailment before halving?