The hottest Hardware & Infrastructure Substack posts right now

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Top Crypto Topics

Six metrics to assess public miners in earnings season

Miner Weekly • 39 implied HN points • 11 Mar 23
💰 Finance Earnings Regulation Financial News Hardware & Infrastructure Corporate News
  1. Unique metrics are essential for evaluating public bitcoin mining operations, alongside traditional financial metrics like gross margin and P/E ratio.
  2. Metrics such as Realized Hashrate, Price-to-Hash ratio, and Net-Debt-to-Hash ratio provide a holistic view of publicly listed mining operations' health.
  3. Having a variety of metrics helps in assessing the state of mining stocks, especially crucial during uncertain market conditions like a bearish trend.

Foundry fees, Mining SPACs, and SBI vs Whinstone

Miner Weekly • 19 implied HN points • 08 Apr 23
💼 Business Mining SPACs Regulation Hardware & Infrastructure Corporate News
  1. FoundryUSA is implementing tiered fees for its bitcoin mining pool service after an increase in market share due to their zero-fee strategy.
  2. Mining SPACs like Bitdeer are progressing towards mergers and shareholder votes, indicating industry consolidation.
  3. SBI Crypto has filed a lawsuit against Whinstone U.S., alleging breach of contract and fraudulent inducement, revealing industry disputes.
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Riot's Team Sells $16m Worth of Shares

Miner Weekly • 0 implied HN points • 05 Jun 23
💰 Finance Regulation Finance Hardware & Infrastructure Corporate Feature
  1. Senior management at Riot Platforms has been selling off shares, totaling $16m, with most selling activities happening recently.
  2. Multiple team members of a project selling their stakes around the same time can be an intriguing situation, sparking curiosity about the reasons behind it.
  3. Riot's senior management and board directors have collectively reduced their stakes in the company, with some filing notices for further stock sales.

Pubco miners slow down BTC sales

Miner Weekly • 0 implied HN points • 06 May 23
🔮 Crypto Regulation Corporate News Hardware & Infrastructure Feature
  1. Bitcoin's network hashrate rise in April resulted in a low daily production benchmark, but the price rally of BTC kept hashprice above $75/PH/s and increased on-chain activities.
  2. Major mining companies have slowed down the pace of liquidating their mined assets, dropping the liquidation ratio to 95% in April due to the bounce in bitcoin's price.
  3. Regulation news includes the White House pushing for punitive tax on crypto mining, while Bhutan plans a $500 million fund for crypto mining in the Himalayas.
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NYDIG set to take over another 5.5 EH/s in bitcoin ASIC collateral

Miner Weekly • 0 implied HN points • 04 Feb 23
💰 Finance Bitcoin Mining Corporate News Financial News Hardware & Infrastructure Feature
  1. NYDIG is acquiring a significant amount of bitcoin mining equipment from companies like Greenidge and Core Scientific in exchange for debt relief.
  2. Genimous, a Chinese firm, reveals impairment of around $9.4 million in BTC assets, showcasing a unique instance of a mainland Chinese company engaging in bitcoin mining despite China's regulations.
  3. Financial news in the cryptocurrency space includes Giga Energy raising $10 million, Crypto Miner Pow.re raising $9.2 million, and Bitcoin Miner TeraWulf restructuring debt.

Miner Weekly: Has bitcoin price bottomed?

Miner Weekly • 0 implied HN points • 10 Dec 22
💰 Finance Regulation Corporate News Hardware & Infrastructure Feature
  1. Bitcoin's difficulty change may indicate the bottom price, as seen from a historical perspective in past market events.
  2. The average block interval may change based on hash rate, potentially affecting bitcoin's difficulty and hashprice.
  3. Regulation news and financial challenges continue to impact the bitcoin mining industry, with lawmakers focusing on environmental impact and companies facing financial struggles.

Miner Weekly: Introducing TheMinerMag

Miner Weekly • 0 implied HN points • 03 Dec 22
🔮 Crypto Mining Regulation Corporate News Hardware & Infrastructure
  1. The MinerMag is a new platform focusing on bitcoin mining companies, aiming to improve industry transparency.
  2. Recent news highlights challenges in cryptocurrency operations, including high energy demand and fraud cases.
  3. Corporate updates include Hut 8 halting mining operations, Compass Mining launching a protection plan, and Alameda's investment in Genesis Digital.

Miner Weekly: A Tale of Two Mining Hodlers

Miner Weekly • 0 implied HN points • 26 Nov 22
💰 Finance Regulation Finance Corporate Hardware & Infrastructure
  1. Marathon and Hut8 mining firms held onto all their mined bitcoins despite the bearish market, possibly planning to tap into their BTC reserves as cash reserves run low
  2. Mara and Hut8 incurred around $20M in cash expenses each in Q3; Mara borrowed $50M against BTC to cover costs for the next year, facing margin call risks if BTC price dips
  3. Regulations like novel laws by NY governor and town moratoriums are impacting crypto mining; financial challenges faced by mining companies like Core Scientific and legal cases add complexity to the industry

Miner Weekly: Marathon's energized, and NYDIG is taking over machines

Miner Weekly • 0 implied HN points • 05 Nov 22
🕹 Technology Cryptocurrency Mining Hardware & Infrastructure Regulation News Corporate News
  1. NYDIG is taking over collateralized mining machines from companies like Core Scientific, Iris Energy, and Stronghold Digital due to potential loan defaults.
  2. Marathon recently energized 32,000 ASIC miners, achieving record production in October, indicating a positive shift for the company.
  3. CleanSpark surpassed Riot in Realized Hashrate for October, despite Riot having a larger installed hashrate, showing notable growth and competition in the mining industry.

Miner Weekly: Here’s how much Core Scientific owes to whom

Miner Weekly • 0 implied HN points • 29 Oct 22
💰 Finance Bitcoin Mining Corporate News Regulation News Hardware & Infrastructure
  1. Core Scientific owes a significant amount - $880 million in notes payable as of June 30th.
  2. The company's total notes payable increased from $692m on Dec. 31 to $770m on Mar. 31 and finally to $880m on Jun. 30.
  3. Core Scientific is facing challenges meeting debt obligations due to net interest expenses, reduced cash, and difficulties in production.

Miner Weekly: Rhodium, the next US public miner?

Miner Weekly • 0 implied HN points • 22 Oct 22
💼 Business Mining Regulation Corporate News Hardware & Infrastructure
  1. Rhodium Enterprises has the cheapest cost of production among its US public mining competitors for now.
  2. Rhodium mined a significant amount of BTC and has high realized hashrate compared to other public mining companies.
  3. Rhodium's cost of mining production is currently relatively low compared to its peers due to efficient operations and energy rates.

BlackRock Loads Up On Bitcoin Mining Stocks

Miner Weekly • 0 implied HN points • 01 Feb 24
💰 Finance Investing Cryptocurrency Regulation Corporate News Hardware & Infrastructure
  1. BlackRock increased its holdings in Bitcoin mining stocks significantly, with total investments rising from $76 million to $775 million.
  2. There is a trend of equity dilution among mining companies, showing a shift in funding strategies to avoid over-leveraging.
  3. Other investment firms like Vanguard and Hansainvest have also been increasing their positions in mining stocks, with different approaches such as ETFs or direct ownership.

Miner Weekly: Pubcos’ Q3 Gross Margin Plunge

Miner Weekly • 0 implied HN points • 15 Oct 22
💰 Finance Cryptocurrency Mining Regulation Corporate News Hardware & Infrastructure
  1. The average gross margin for public mining companies has declined significantly in Q3, dropping from nearly 70% in Q1 to 26%.
  2. Rising energy costs are squeezing bitcoin mining's gross margin, causing challenges for both public and private mining firms.
  3. If key parameters like bitcoin prices, mining difficulty, and energy costs do not reverse, the industry may see increased consolidation and challenges in the upcoming quarters.

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.