HomeCoinsBitcoin (BTC)Publicly-Traded Bitcoin Miners Have Been Outperforming The Bitcoin Price

Publicly-Traded Bitcoin Miners Have Been Outperforming The Bitcoin Price

- Advertisement -


The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.

In regards to the performance of publicly traded miners, we will be looking at their performance since the start of 2020 in both USD and BTC terms.

RIOT, MARA, BITF, and HUT will be examined specifically.

Since the start of 2020, these four companies have outpaced the performance of bitcoin, and there’s a few key reasons why. Namely, publicly-traded equities are often valued using a multiple of their current earnings/cash flows.

Towards the last quarter of 2020, miner hash price started to explode, and thus the revenue and subsequently public miner market capitalizations followed. Hash price is quantified by dividing hash rate by miner revenue (dollar per terahash in particular).

First published here

- Advertisement -
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
462FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,560FollowersFollow
2,230SubscribersSubscribe

Most Popular

bitcoin
Bitcoin (BTC) $ 41,997.00
ethereum
Ethereum (ETH) $ 3,133.22
tether
Tether (USDT) $ 1.00
bitcoin-cash
Bitcoin Cash (BCH) $ 373.18
litecoin
Litecoin (LTC) $ 137.99
eos
EOS (EOS) $ 2.78
okb
OKB (OKB) $ 25.50
tezos
Tezos (XTZ) $ 3.93
leo-token
LEO Token (LEO) $ 3.66
cardano
Cardano (ADA) $ 1.35
monero
Monero (XMR) $ 203.11
stellar
Stellar (XLM) $ 0.248972
chainlink
Chainlink (LINK) $ 21.77
huobi-token
Huobi Token (HT) $ 9.97
tron
TRON (TRX) $ 0.069292
usd-coin
USD Coin (USDC) $ 1.00
dash
Dash (DASH) $ 128.35
neo
NEO (NEO) $ 24.17
iota
IOTA (MIOTA) $ 1.06
nem
NEM (XEM) $ 0.113465
zcash
Zcash (ZEC) $ 127.48
maker
Maker (MKR) $ 2,017.28
paxos-standard
Pax Dollar (USDP) $ 1.00
ethereum-classic
Ethereum Classic (ETC) $ 32.07
vechain
VeChain (VET) $ 0.071726
true-usd
TrueUSD (TUSD) $ 1.00
ftx-token
FTX Token (FTT) $ 46.65
kucoin-shares
KuCoin Token (KCS) $ 20.14
waves
Waves (WAVES) $ 13.34