Marathon is known to have the miners shipped by air freight then put the machines in storage for a year when they could have shipped by shipping container at much lower cost and got there with plenty of time before they were deployed. Will this increase in EH be another disaster in the making?
Agree. Mara always lagging. And they rely too much on the size of their HODL (much of which they should have sold near the last cycle top to finance EH/s growth going forward. Then they could've financed their growth with profit from that BTC rather than diluting quite so much). Their operational EH/s rate has also been highly inefficient in Q1. In March, they were at 63% up-time compared to clsk at 96% up-time. Also Mara isn't transparent; no information on what mining rigs they are buying.
@@petermoyseAgree even corz mine more than them, they just don t execute board is a crap like riot, don t care about sharewolders and are incompetent, living like kings....
Funny I watched and interview with Fred the CEO a while back and he flexed about minimum share dilution and taking advantage of a 30k bitcoin after the halving to buy up distressed assets. WRONG
So in the last 2 months bitf has announced a 350 million atm, ceo resigned, Paraguay anti-mining laws . and Quebec tariff proposal. Did I miss anything?
Thanks for all the detailed analyses. Suggestion for one thing more to look at: impact of applying new FASB rules on recognizing the value of the BTC hoddle bag for each miner. As you know, the BTC holdings in the past carried a value of the lowest MV while in possession. This has now been changed to current market value. This should result in a sizeable increase in earnings for those miners with a large hoddle bag. MARA might benefit the most from this given their large bag, much of which they have held during the lowest BTC price points.
@@SebastianOn Yes, I was that - thanks for taking this up. It will be interesting to see which of the miners choose early adoption and also what the beginning value of their hoddle bags are (much less than what the MV was at year-end).
I'm surprised $MARA made no statement on increasing their mining efficiency from 60%. Still when they do eventually get to 50 EH they will be able to mine at 30EH. Positive this should allow them to finally consistently deliver the 23.3 EH they promised shareholders they would mine for the start of 2022. Things are looking up for them good job.
They will be one of the top miners. But I haven't bought them in the past because of their operational uptime. If they can get this fixed for several quarters I would think about buying them.
They might and they might not. We are past halving, hashprice is coming down. Making them and all other miners less profitable. So what we really need is for BTC to go up.
Mara earnings could be better then expected plus better guidance then expected. Love it!
Great job Seb! Thanks for the work you do and enjoy your wknd.
Thanks, you too.
Thx Sebastien! MARA, CLSK & IREN seem best to me...
Thanks for the update, Seb!
You bet!
Marathon is known to have the miners shipped by air freight then put the machines in storage for a year when they could have shipped by shipping container at much lower cost and got there with plenty of time before they were deployed. Will this increase in EH be another disaster in the making?
Agree. Mara always lagging. And they rely too much on the size of their HODL (much of which they should have sold near the last cycle top to finance EH/s growth going forward. Then they could've financed their growth with profit from that BTC rather than diluting quite so much). Their operational EH/s rate has also been highly inefficient in Q1. In March, they were at 63% up-time compared to clsk at 96% up-time. Also Mara isn't transparent; no information on what mining rigs they are buying.
@@petermoyseAgree even corz mine more than them, they just don t execute board is a crap like riot, don t care about sharewolders and are incompetent, living like kings....
Funny I watched and interview with Fred the CEO a while back and he flexed about minimum share dilution and taking advantage of a 30k bitcoin after the halving to buy up distressed assets. WRONG
Thank you, Sebastian, great update. Excited about bitfarms and cleanspark
You and me both!
Thanks Sebastian...you're a class act.
I appreciate that!
So in the last 2 months bitf has announced a 350 million atm, ceo resigned, Paraguay anti-mining laws . and Quebec tariff proposal.
Did I miss anything?
3x growth by the end of the year in the middle of the bull run
Thanks for all the detailed analyses. Suggestion for one thing more to look at: impact of applying new FASB rules on recognizing the value of the BTC hoddle bag for each miner. As you know, the BTC holdings in the past carried a value of the lowest MV while in possession. This has now been changed to current market value. This should result in a sizeable increase in earnings for those miners with a large hoddle bag. MARA might benefit the most from this given their large bag, much of which they have held during the lowest BTC price points.
Thanks and your suggestion was just recorded today and is now live.
@@SebastianOn Yes, I was that - thanks for taking this up. It will be interesting to see which of the miners choose early adoption and also what the beginning value of their hoddle bags are (much less than what the MV was at year-end).
I'm surprised $MARA made no statement on increasing their mining efficiency from 60%. Still when they do eventually get to 50 EH they will be able to mine at 30EH. Positive this should allow them to finally consistently deliver the 23.3 EH they promised shareholders they would mine for the start of 2022. Things are looking up for them good job.
Thnx Sebastion!
Welcome!
more miners for them to not turn on
This!
How much they plan to grow is less important than the actual operation.
Based on this news, are you buying Mara ? And do you think they will still be the top miner in the game ?
He doesn't. Of course not.
They will be one of the top miners. But I haven't bought them in the past because of their operational uptime. If they can get this fixed for several quarters I would think about buying them.
Looking 2 riot receiving their new mining rigs in may.
Fred seldom delivers on vision and is always late
Any ideas will cleanspark is going to jump when earnings announced?
They might and they might not. We are past halving, hashprice is coming down. Making them and all other miners less profitable. So what we really need is for BTC to go up.