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Big 4 Miner Earnings Analysis: RIOT & MARA Actuals vs. CLSK & IREN Forecast!

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Manage episode 497778613 series 3570269
Content provided by Anthony Power & Bryce McNallie, Anthony Power, and Bryce McNallie. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Anthony Power & Bryce McNallie, Anthony Power, and Bryce McNallie or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Bitcoin mining's "Big Four" face intense scrutiny as Riot and Mara release Q2 earnings with mixed market reactions, revealing stark differences in operational efficiency and mining costs between industry leaders. Our comprehensive analysis suggests IREN achieves the lowest cost structure at approximately $45,000 per Bitcoin, while Mara and Riot operate at significantly higher costs around $72,000-$73,000 per coin.
• Riot's quarterly earnings show 1,426 Bitcoin produced but faced a significant stock drop of 17%
• Mara reported substantial Bitcoin holdings but struggles with current liabilities exceeding current assets
• Comparing mining costs reveals IREN potentially leads with 54.3% operating margins versus Riot/Mara at 27%
• Executive compensation practices drawing increased criticism from Wall Street and retail investors alike
• Riot announces plans to reduce stock-based compensation beginning mid-2026
• Bitcoin price pullback to $114,000 range brings pressure on mining stocks despite positive regulatory developments
• Industry hash rate growth showing signs of flattening as miners shift focus to HPC applications
• CleanSpark announces new hardware purchase from Canaan, diversifying away from primarily Bitmain machines
Take a moment to hit like, subscribe, and let us know in the comments which of these four miners is your top pick and why.
Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter

  continue reading

Chapters

1. Market overview and episode introduction (00:00:00)

2. Bitcoin price and market analysis (00:09:42)

3. Bitcoin hash rate and ASIC market trends (00:21:27)

4. Riot's Q2 earnings deep dive (00:24:44)

5. Marathon Digital (Mara) earnings overview (00:35:02)

6. Balance sheet comparison of top miners (00:44:57)

7. Comprehensive analysis of the Big Four miners (00:51:24)

8. Executive compensation controversy (00:51:24)

370 episodes

Artwork
iconShare
 
Manage episode 497778613 series 3570269
Content provided by Anthony Power & Bryce McNallie, Anthony Power, and Bryce McNallie. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Anthony Power & Bryce McNallie, Anthony Power, and Bryce McNallie or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Bitcoin mining's "Big Four" face intense scrutiny as Riot and Mara release Q2 earnings with mixed market reactions, revealing stark differences in operational efficiency and mining costs between industry leaders. Our comprehensive analysis suggests IREN achieves the lowest cost structure at approximately $45,000 per Bitcoin, while Mara and Riot operate at significantly higher costs around $72,000-$73,000 per coin.
• Riot's quarterly earnings show 1,426 Bitcoin produced but faced a significant stock drop of 17%
• Mara reported substantial Bitcoin holdings but struggles with current liabilities exceeding current assets
• Comparing mining costs reveals IREN potentially leads with 54.3% operating margins versus Riot/Mara at 27%
• Executive compensation practices drawing increased criticism from Wall Street and retail investors alike
• Riot announces plans to reduce stock-based compensation beginning mid-2026
• Bitcoin price pullback to $114,000 range brings pressure on mining stocks despite positive regulatory developments
• Industry hash rate growth showing signs of flattening as miners shift focus to HPC applications
• CleanSpark announces new hardware purchase from Canaan, diversifying away from primarily Bitmain machines
Take a moment to hit like, subscribe, and let us know in the comments which of these four miners is your top pick and why.
Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter

  continue reading

Chapters

1. Market overview and episode introduction (00:00:00)

2. Bitcoin price and market analysis (00:09:42)

3. Bitcoin hash rate and ASIC market trends (00:21:27)

4. Riot's Q2 earnings deep dive (00:24:44)

5. Marathon Digital (Mara) earnings overview (00:35:02)

6. Balance sheet comparison of top miners (00:44:57)

7. Comprehensive analysis of the Big Four miners (00:51:24)

8. Executive compensation controversy (00:51:24)

370 episodes

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