We examine the market's peculiar disconnect between Bitcoin miners' treasuries and their market caps, with Marathon Digital and DMG Blockchain holdings worth more than their entire company valuations. 

• Marathon's production down 17% month-over-month, yet added 705 Bitcoin to their treasury with zero sales
• Riot Platforms shifts strategy, selling 100% of monthly production plus additional treasury Bitcoin
• Cipher Mining also increasing Bitcoin sales, reducing their HODL balance to fund operations
• Several miners have Bitcoin treasuries exceeding 100% of their market cap, while MicroStrategy trades at a premium
• Arizona Governor vetoes state Bitcoin reserve bill despite widespread cryptocurrency ownership
• Bitcoin's yearly price lows continue trending upward, with the 2024 low at $38,500 now far below current levels
• Bitcoin 2024 conference approaching with notable speakers including Trump family members and Ross Ulbricht

Join us in a few hours for our Q1 earnings interview with Riot's Jason Les where we'll discuss their strategic shift and get updates on their Altman Salon AI study.

Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter

Anthonys Info:

Website:

https://www.powermininganalysis.com

X: 

https://twitter.com/cazenove_uk

Patreon:

https://www.patreon.com/Cazenove_UK

Bryce's Info:

X:

https://twitter.com/McnallieM

Patreon:

https://www.patreon.com/McNallieMoney

Merch:

https://shop.mcnalliemoney.com/

Website:

https://www.mcnalliemoney.com

Business Inquiries:

Email - [email protected]