Navigating the Volatility: CleanSpark's Strategic Shift & Miner Valuations by Watt!
31:08 Share

The Bitcoin mining sector witnessed significant volatility with major miners dropping 6-9% despite Bitcoin only declining by about 1-1.5%, revealing a puzzling disconnect between the cryptocurrency and mining stock performance.• CleanSpark announces a strategic shift with a $200 million Bitcoin-backed credit facility from Coinbase while changing their approach from 100% hodling to selling Bitcoin to fund operations• This represents a move away from equity dilution through ATM offerings, which the company has paused until share prices exceed $20• CleanSpark currently holds over 12,000 Bitcoin worth approximately $1 billion• Soluna Holdings stands out as the only miner in positive territory, announcing land agreements for their 166-megawatt Project Katy in Texas• Despite positive updates, Soluna trades at just $7 million market cap despite controlling over 200 megawatts of power infrastructure• Bitdeer demonstrates vertical integration advantages by planning to deploy their SEAL miners outside the US to avoid potential tariffs• Morgan Stanley analysis shows Bitcoin mining companies valued below $1 per watt while similar data center assets trade above $5 per watt• The disparity between infrastructure value and market capitalization suggests significant undervaluation across the mining sectorSign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter