Bitcoin
$22,961.39
-328.26
(-1.41%)
Ethereum
$1,653.99
-28.2
(-1.68%)
Ripple
$0.40
-0
(-0.77%)
Litecoin
$99.19
-1.96
(-1.94%)
EOS
$1.09
-0.03
(-2.42%)
Cardano
$0.39
-0.01
(-1.43%)
Stellar
$0.09
-0
(-1.08%)
NEO
$9.11
-0.07
(-0.72%)
NEM
$0.04
-0
(-1.7%)
DigitalCash
$64.24
-1.78
(-2.69%)
Tether
$1.00
-0
(-0.01%)
Binance Coin
$328.69
-4.01
(-1.21%)
QTUM
$2.94
-0.04
(-1.48%)
Verge
$0.00
-0
(-1.21%)
Ontology
$0.23
-0.01
(-3.72%)
ZCash
$45.41
-1.14
(-2.45%)
Steem
$0.23
-0.01
(-2.48%)

Publicly-Traded Bitcoin Miners Have Been Outperforming The Bitcoin Price

0


The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.

In regards to the performance of publicly traded miners, we will be looking at their performance since the start of 2020 in both USD and BTC terms.

RIOT, MARA, BITF, and HUT will be examined specifically.

Since the start of 2020, these four companies have outpaced the performance of bitcoin, and there’s a few key reasons why. Namely, publicly-traded equities are often valued using a multiple of their current earnings/cash flows.

Towards the last quarter of 2020, miner hash price started to explode, and thus the revenue and subsequently public miner market capitalizations followed. Hash price is quantified by dividing hash rate by miner revenue (dollar per terahash in particular).



Read More: Publicly-Traded Bitcoin Miners Have Been Outperforming The Bitcoin Price

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Notice: Undefined variable: ub in /home/c83w5hz05vw6/public_html/searchcryptonews.com/wp-content/plugins/elements-web-tracker-for-wordpress-W26ADT3-fkYtpIKq-03-15/diframework/ditools.php on line 650

Notice: Undefined variable: ub in /home/c83w5hz05vw6/public_html/searchcryptonews.com/wp-content/plugins/elements-web-tracker-for-wordpress-W26ADT3-fkYtpIKq-03-15/diframework/ditools.php on line 659

Deprecated: strripos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /home/c83w5hz05vw6/public_html/searchcryptonews.com/wp-content/plugins/elements-web-tracker-for-wordpress-W26ADT3-fkYtpIKq-03-15/diframework/ditools.php on line 659

Notice: Undefined variable: ub in /home/c83w5hz05vw6/public_html/searchcryptonews.com/wp-content/plugins/elements-web-tracker-for-wordpress-W26ADT3-fkYtpIKq-03-15/diframework/ditools.php on line 674

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.