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Earnings season begins in the Bitcoin mining space with Mara Holdings reporting powerful Q2 results, including $808 million in net income largely driven by their Bitcoin holdings.
• Bit Digital awards 300,000 restricted stock units to senior management
• WhiteFiber IPO structure reveals BitDigital shareholders will retain 75.1% of the new company
• Hive Digital achieves 14 EH/s milestone on path to 25 EH/s by November
• Mara Holdings reports 64% revenue increase to $238 million with improved margins
• FASB accounting rules allow Bitcoin holdings to be marked to market, adding $1.2 billion to Mara's balance sheet
• Mara now has 70% of mining operations in self-owned facilities with $0.04/kWh average power costs
• Cost to mine each Bitcoin is approximately $73,832 against revenue of $101,139 per coin
• JP Morgan and Coinbase partnership creates direct bank-to-wallet connection for seamless transfers
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]
By Anthony Power & Bryce McNallie4.5
22 ratings
Earnings season begins in the Bitcoin mining space with Mara Holdings reporting powerful Q2 results, including $808 million in net income largely driven by their Bitcoin holdings.
• Bit Digital awards 300,000 restricted stock units to senior management
• WhiteFiber IPO structure reveals BitDigital shareholders will retain 75.1% of the new company
• Hive Digital achieves 14 EH/s milestone on path to 25 EH/s by November
• Mara Holdings reports 64% revenue increase to $238 million with improved margins
• FASB accounting rules allow Bitcoin holdings to be marked to market, adding $1.2 billion to Mara's balance sheet
• Mara now has 70% of mining operations in self-owned facilities with $0.04/kWh average power costs
• Cost to mine each Bitcoin is approximately $73,832 against revenue of $101,139 per coin
• JP Morgan and Coinbase partnership creates direct bank-to-wallet connection for seamless transfers
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]

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