$MSTR @saylor buys 18,300 more Bitcoin.
•244,800 BTC at $38,585
•"Bitcoin Yield" - % change period-to-period of the ratio between the Company’s BTC holdings and its OS - now up to 17% YTD
There is no second best!
Combine election year seasonality below with anticipated rate cuts and a little QE... not the time to be bearish!
Will there be chop? Of course. It's Bitcoin. 30% drawdowns are a feature, not a bug. But today, Bitcoin's trying to send us all into the wknd green and happy.
$BTC Seasonality by week, during election years. So, we are in week 37, expect a spike, a scam sell-off, then... You know what, I'mma just leave this right here. Feel free to draw your own conclusions ¯\_(ツ)_/¯ Btw, $MSTR is starting to line up with Bitcoin
Solid red to green moves popping up across the bitcoin mining sector as stocks spring off their daily lows and bitcoin is back over $57k. $MARA up over $1 a share from today's low.
Bearish sentiment beat these stocks down, they are undervalued IMO. By December
More good "news" for $CLSK @CleanSpark_Inc as HC Wainwright reiterates a "BUY" rating with a price 🎯of $27.00 - roughly a 200% move from here.
https://t.co/sq5aK7HRZB…
$MARA has been adding to both their energized hashrate and their HODL aggressively. Both top in sector.
Currently 35.2 EH/s energized, MARA has an EOY 🎯 of 50 EH/s, which is fully funded.
EOY guidance was raised to 37 EH/s for $CLSK - but I think they are underpromising and likely to overdeliver. Noticed tonight on their website they forecast 2 EH/s live in WY by EOY 24.
If my math is mathing here, I think they are likely over 40 EH/s.🤷♂️
• TN
CLSK
$IREN - about 18 days from achieving/announcing a major growth 🎯
20 EH/s of low-cost #bitcoin mining while having the most efficient fleet in the sector at 17 J/TH.
Then on to 30 EH/s by EOY, at 15 J/TH
This chart tells the story ahead of these catalysts 👇
Just in case anyone needed a pictoral reminder of $IREN short- term growth as outlined below 👇
9/5 - 16 EH/s at 18 J/TH
9/30 - 20 EH/s at 17 J/TH
12/31 - 30 EH/s at 15 J/TH
87.5% growth in hash rate
16.6% improvement in efficiency
We are pleased to announce The Alpha Insights Show will be hosting a 45 minute structured Q&A with @IREN_Ltd on Thursday 9/19, 12 EST - stay tuned for the link!
Guests:
•Glenn Harrison - VP Ops - Canada
•Kent Draper - CCO
•Denis Skrinnikoff - CTO
$CLSK @Cleanspark continues to grow - acquires 7 additional facilities and land in TN. New 37 EH/s 🎯 by EOY
• Closing by 9/25
• Installing S21 Pros and adding 5 EH/s - increasing 2024 Guidance from 32 EH/s to 37 EH/s by EOY
• 85 MW total - sites range from 10-20 MW
Another strong red to green move - $WULF @TeraWulfInc is leading the pack today. 🐺
And the MCAP gap between them and $RIOT for #4 in the sector is getting smaller - now under $.5B
$RIOT - $2.15B
$WULF - $1.69B
Bitfury said today it has finished the Final Distribution of $CIFR shares, transferring 9.6M shares to employees & selling 2.5M in the open market.
On the sale, CIFR has fallen to YTD relative lows vs. #bitcoin miners despite recently announcing a definitive foray into AI.
👀
More good "news" for $CLSK @CleanSpark_Inc as HC Wainwright reiterates a "BUY" rating with a price 🎯of $27.00 - roughly a 200% move from here.
https://t.co/sq5aK7HRZB…