Thread by @cazenove_uk

1/ I have now updated my #Bitcoin Miner ranking table (🤩) for $ARBK $BITF $CLSK $DGHI $HIVE $HUT $MARA and $RIOT
I’ve also introduced a Risk Factor weighting, based on ability to achieve their future forecast hash rate growth in 2022.

More tables 👇

2/ $HIVE blockchain completed an impressive 2021 with most #Bitcoin and equivalents mined and most revenues earned. Along with $BITF, they had the best production of #Bitcoin per PH, regularly throughout the year too.

3/ Although $MARA performed throughout 2021 below par in comparison, to peers, and were unable to meet their ambitious hash rate target for 2021, they did buy large miner purchases to get to an impressive future 23.3 EH. This puts them in the super league with Core Scientific.

4/ @ArgoBlockchain and @RiotBlockchain both announced the purchase of large infrastructure facilities in Texas close to cheap renewable energy. They each have contracted orders orders to get to their future hash rate target, and are utilising the process of immersion cooling

5/ at their facilities. Early studies have indicated this will have savings in electricity costs and also the hash rate fir each mining can be potentially increased too! It will be interesting to see how the investment in capital infrastructure compares to investment in miners.

6/ @Bitfarms_io and @Hut8Mining also have an impressive 2022 to follow with current planned hash rate of 8.0 EH and 6.0 EH, respectively. $HUT have also started to mine #Ethereum in recent weeks and this should see their overall profitability increase too.

7/ @DigihostTech scored extremely well in the valuation metrics. Being one of the smaller of the listed miners, they produce good revenues/MCAP when compared to other. However, the challenge will be to grow as quickly as planned with the costs of machines approaching $100 TH.

8/ @CleanSpark_Inc have produced excellent monthly updates in the latter quarter of 2021. They have impressively achieved 1.9 EH in December. I need to understand more about their costs and await their next quarterly financial update, in anticipation. One to watch in 2022!