The post Where bitcoin miners stand after Q2 disclosures appeared on BitcoinEthereumNews.com.

Welcome to the On the Margin Newsletter, brought to you by Ben Strack and Casey Wagner. Here’s what you’ll find in today’s edition: Where the biggest bitcoin miners stand after their Q2 earnings reports.  Inflation seems to be cooling. Here’s why markets are still struggling.  Casey breaks down some new updates from crypto advocacy group Stand With Crypto.  Where bitcoin miners stand after Q2 disclosures Bitcoin miners’ Q2 results have rolled in over the past few weeks, giving investors better clarity into where each stands in the post-halving environment.  April’s bitcoin halving helped send mining difficulty to a new peak and hash price — a measure of mining’s revenue potential — lower than ever before. BlocksBridge Consulting founder Nishant Sharma noted the best positioned companies in the segments (on a pure mining basis) are those with a low hash cost and a high hash rate realization rate. “A lower hash cost implies the efficiency of the company’s mining machines is better than that of others, and/or the company has secured comparatively lower energy rates,” he told Blockworks. “Meanwhile, a higher hash rate realization rate implies the company is able to utilize most of its installed mining capacity.” CleanSpark edged its biggest competitors with a lower hash cost in Q2, BlocksBridge Consulting data shows. Marathon Digital, meanwhile, was on the higher end of that metric. As for having a high hash rate realization rate (a good thing), Bitdeer, Bitfarms and CleanSpark were the top three in July, respectively.   Bitfarms unveiled some board director changes yesterday. Rival miner Riot Platforms upped its stake in Bitfarms to 18.9%, it said Tuesday, after offering to buy the company outright earlier this year.  “We continue to believe BITF has underappreciated growth potential, and the acquisition interest offers downside protection in the stock,” Compass Point Research…

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Filed under: News - @ August 14, 2024 8:24 pm