The hottest Financial Substack posts right now

And their main takeaways
Category
Top Finance Topics

Prepare for the Next Bitcoin Mining Infrastructure Boom

Miner Weekly • 59 implied HN points • 14 Dec 23
💰 Finance Bitcoin Mining Infrastructure Regulation Hardware Corporate Financial
  1. Texas is becoming a major global hub for Bitcoin mining, with plans for significant power capacity expansions.
  2. Several major mining companies are gearing up for infrastructure booms by expanding their mining power capacity in various locations.
  3. Regulation news and corporate developments, like the acquisition of power plants, showcase the ongoing growth and changes in the Bitcoin mining industry.

This company mined bitcoin for free in Q3

Miner Weekly • 19 implied HN points • 09 Nov 23
💰 Finance Earnings Regulation Hardware Corporate Financial
  1. Bitcoin's price and hashprice have been on the rise, showcasing a positive trend in the market.
  2. Several mining companies found success through industry consolidation amid challenges faced by others in the past year.
  3. Riot Platforms effectively mined bitcoin for free in Q3 by leveraging power curtailment credits, showcasing innovative cost-saving methods in the mining industry.

Leverage is back for mining cos.?

Miner Weekly • 19 implied HN points • 02 Nov 23
💼 Business Finance Regulation Hardware Corporate Financial
  1. Recent Bitcoin market rally is reviving interest in leverage for mining companies like Northern Data.
  2. Public mining companies have been deleveraging since Q3’22 but are now making moves like securing unsecured debt facilities and reorganization plans.
  3. Upcoming earnings calls for mining companies reveal varied growth estimations based on production capacities and changing market conditions.

Angel Investing

Working Theorys • 19 implied HN points • 25 Jan 24
💼 Business Investing Startups Entrepreneurship Markets Financial
  1. Angel investing is about building connections and expanding knowledge in spaces of interest.
  2. A typical angel portfolio includes 15-20 investments with a focus on consumer startups and small check sizes.
  3. Reasons for angel investing include personal interest in founders, market understanding, analytical development, enjoying the process, and potential financial gains.
Get a weekly roundup of the best Substack posts, by hacker news affinity:

Quant Letter: December 2023, Week-3

The Parlour • 21 implied HN points • 20 Dec 23
💰 Finance Quantitative Financial Market Analysis Investment Strategies
  1. Recent research is exploring innovative methods for quantitative investing, such as using deep learning algorithms and new portfolio optimization models.
  2. There are profitable opportunities in the ETF lending market due to cost differences between borrowing ETFs and stocks, creating room for cross-ETF arbitrage.
  3. Studies are showcasing the importance of adaptive investment strategies focused on resilience, active ownership, and broader financial models to navigate fast-changing environments.

Miner Weekly: Lenders own 50% of Core’s self-mining hashrate

Miner Weekly • 19 implied HN points • 24 Dec 22
🔮 Crypto Regulation Financial Corporate Hardware and Infrastructure Feature
  1. Lenders own 50% of Core's self-mining hashrate, which is significant in the cryptocurrency mining industry.
  2. Core's self-mining capacity produces an average of 50 BTC per day, showcasing its mining capabilities.
  3. Regulation news includes British Columbia pausing electricity connections for crypto mining due to high consumption and Kazakhstan tightening regulations for miners to develop the crypto industry further.

Quant Letter: July 2023, Week 2

The Parlour • 17 implied HN points • 12 Jul 23
💰 Finance Quantitative Financial Market Dynamics
  1. Weekly quantitative finance newsletter discussing 'Informed Trading Intensity' using ML indicators in asset management.
  2. Machine learning techniques in finance include diversifying portfolios, tabular learning, and predicting fund performance.
  3. Research in financial markets covers topics like bond fund performance, equity premia, thematic investing, and corporate bond returns prediction.

The Rise and Fall of Giants?

The Future Does Not Fit In The Containers Of The Past • 1 HN point • 03 Mar 24
💼 Business Technology Pharmaceuticals Energy Financial AI
  1. The corporate landscape is experiencing shifts in power, demographics, mindsets, and technology, leading to potential tectonic changes in the leading companies and industries.
  2. While there might be some new entrants, the most valuable companies have remained consistently dominated by technology, pharmaceuticals, energy, financial powerhouses, and Walmart for decades.
  3. The future of companies will involve fewer employees leveraging AI for productivity, a more geographically distributed workforce, and a greater focus on employee joy for talent retention and growth.

These Pools Are Consolidating Bitcoin Block Rewards with Antpool

Miner Weekly • 0 implied HN points • 28 Dec 23
🔮 Crypto Mining Regulation Hardware Financial Feature
  1. Recent development: Antpool saw a resurgence in hashrate, surpassing Foundry USA in blocks mined. Foundry regained some ground, but on-chain transactions suggest a larger hashrate shift to Bitmain-linked Antpool.
  2. Consolidation trend: 10 of the top 15 mining pools have combined coinbase block rewards since last year, with many independent operators involved. Multiple pools regularly send rewards to the same addresses in single transactions.
  3. Financial dynamics: Payout consolidation likely results from financing agreements, where a central entity controls coinbase and addresses. Speculation rises on Antpool's potential as the financier, raising queries on hashrate diversion agreements with other pools.

Bitcoin Mining Hashcost, Explained

Miner Weekly • 0 implied HN points • 21 Dec 23
🔮 Crypto Mining Metrics Companies Hardware Financial
  1. Bitcoin's hashprice reaching new highs above $130/PH/s indicates increasing block rewards from transaction fees.
  2. A new hashcost metric evaluates mining companies' competitiveness by assessing the daily operational costs per hashrate.
  3. Reducing hashcost through improved fleet efficiency and lower energy rates is crucial for mining companies, especially with the halving approaching.

Bitmain US Ramps Up S19XP Imports Ahead of Halving

Miner Weekly • 0 implied HN points • 04 Apr 24
🕹 Technology Crypto Hardware Infrastructure Corporate Financial
  1. Bitmain's US subsidiary in Georgia imported a significant amount of miners in March to prepare for the upcoming halving.
  2. Bitmain's recent boost in imports includes models like S19XP, S19j XP, and S19XP Hydro, marking a strategic move in the crypto mining industry.
  3. The growth and strategic decisions of Bitmain and its subsidiaries, like BitFuFu, can influence the overall hash rate landscape in the crypto mining sector.

Core Settles $34M Claims Stemming from 70K Non-Existent Miners

Miner Weekly • 0 implied HN points • 04 Jan 24
💰 Finance Regulation Hardware Corporate Financial Feature
  1. Core Scientific settled a $34 million claim with Sphere 3D and Gryphon Digital Mining due to 70,000 nonexistent miners, shedding light on failed grand plans during the crypto winter of 2022.
  2. The dispute arose when Gryphon failed to deliver the promised 70,000 mining units, leading to legal battles and bankruptcy filings, emphasizing the risks in the volatile crypto industry.
  3. In the cryptocurrency mining world, promises and contracts must be carefully scrutinized, as demonstrated by the fallout from NuMiner's unfulfilled promises and its impact on major companies like Core Scientific and Sphere 3D.

Tik tok, the 800,000th block

Miner Weekly • 0 implied HN points • 22 Jul 23
💰 Finance Regulation Hardware & Infrastructure Financial Corporate Feature
  1. Bitcoin is approaching the 800,000th block, leaving only 40,000 blocks until the 2024 halving.
  2. Vanguard has increased stakes in Riot and Marathon mining stocks through index funds, not necessarily showing direct bullish sentiment towards mining companies.
  3. Industry news includes Bitcoin mining regulation, hardware advancements, financial moves like Argo Blockchain's share sale, and corporate outlook such as HIVE CEO's revenue expectations.

ETH2.0 cut crypto miner's gross margin by half

Miner Weekly • 0 implied HN points • 25 Feb 23
🔮 Crypto Regulation Financial Corporate Hardware and Infrastructure Feature
  1. ETH2.0 significantly reduced crypto miners' gross margins by half after the switch to proof-of-stake, affecting companies like HIVE. This change led to a 77% decrease in HIVE's gross profit in Q4'22.
  2. Transitioning to mining Ethereum Classic did not notably improve HIVE's mining revenues after the switch to ETH2.0, showcasing the challenges faced by mining firms in adapting to the new landscape.
  3. Regulatory developments, such as Montana passing a bill to protect crypto miners, highlight the evolving legal environment surrounding cryptocurrency mining operations.

These miners have outgrown bitcoin's hashrate during the bear

Miner Weekly • 0 implied HN points • 11 Feb 23
🔮 Crypto Regulation Financial Corporate Hardware Feature
  1. Publicly listed bitcoin mining companies have shown significant growth year-over-year despite a bearish 2022.
  2. In Bitcoin mining, it's crucial not only to grow production but also to surpass competitors and the network's average hashrate.
  3. Bitcoin's average hashrate has notably increased in January 2023, prompting a comparison of public mining companies that have exceeded the network's hashrate.

Public Miners Stock Up BTC Reserves

Miner Weekly • 0 implied HN points • 08 Feb 24
💰 Finance Mining Regulation Hardware Corporate Financial
  1. Public mining companies are increasing their Bitcoin reserves, reaching a total of 40,000 BTC for the first time since May 2022.
  2. Some public mining companies have been selling a portion of their monthly Bitcoin production, but others, like Riot, plan to retain more in the near term.
  3. The level of Bitcoin liquidation varies among mining companies, with some selling less than others and some even selling more than they mine in a month.