Season 1 Episode 286
Bitcoin continues its rally above $97,000 while the mining stock sector shows a rotation from major miners to smaller players with Griffin Mining up 200% in the past month.
• Gryphon Mining up 9.37% today and 200% in the past month, becoming the first miner to turn green year-to-date
• DMG produced 30 Bitcoin in April, increased hash rate by 11% to 2.1 EH/s
• DMG sold 137 Bitcoin in April, part of a broader trend of miners selling Bitcoin reserves
• Marathon and DMG both have Bitcoin holdings worth approximately 100% of their market capitalization
• Mining difficulty projected to increase 5.5% in the next adjustment following a 3.3% decrease
• Global hash rate's 7-day moving average has reached 908, approaching the 1,000 threshold
• Upcoming interviews include Luxor Technology, Iron Blockchain, BitDeer, and Bitfarms
• Market currently favors miners expanding into high-performance computing over pure Bitcoin mining operations
Check out our free weekly newsletter at powermininganalysis.com for exclusive coverage of the mining sector and our Miner Madness competition updates.
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Published on 7 months, 3 weeks ago
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