The Banker
Diamond Member
- Banned
- #1
Due to bearish sentiment BTC , and miners are very much undervalued. People forget that BTC is up a lot over the past 12 months, and BTC is a very high margin biz, it costs $6-8k per coin to mine.
My favorite miner is CLSK, but MARA is also good. if BTC stays at $30k CLSK will mine ~6000 coin in 2022, $180M, $144M in profit. CLSK also is an energy tech company with great revs and growth in their energy tech biz.
With a $460M market cap, thats a forward PE of 2.5, cheap AF. The company is growing revs at in the triple digits.
Even with BTC at $20k, they are still cheap based on 6,000 coin in 2022.
Finally, when China shut down BTC miners in their country that was a boon to Western miners. BTC mining is fixed for the year and divide amongst all the miners, when China closed down 40% of the worlds miners, that means the remaining 60% pick up that shut down capacity ! The miners will increase revs by 30-40%.
My favorite miner is CLSK, but MARA is also good. if BTC stays at $30k CLSK will mine ~6000 coin in 2022, $180M, $144M in profit. CLSK also is an energy tech company with great revs and growth in their energy tech biz.
With a $460M market cap, thats a forward PE of 2.5, cheap AF. The company is growing revs at in the triple digits.
Even with BTC at $20k, they are still cheap based on 6,000 coin in 2022.
Finally, when China shut down BTC miners in their country that was a boon to Western miners. BTC mining is fixed for the year and divide amongst all the miners, when China closed down 40% of the worlds miners, that means the remaining 60% pick up that shut down capacity ! The miners will increase revs by 30-40%.
Last edited: