![]() ![]() ![]() Watch: Controlling Risk with Hive Blockchain Balance Sheet: Current Ratio Interestingly, both CleanSpark and Iris Energy actually have lower energy costs per coin than Hive Blockchain, but significantly higher operating expenses. Of the three miners covered here, only Hive Blockchain reports an ‘operating cash profit’ for each Bitcoin produced. This provides a good understanding of whether the company, even during a bear period, can still produce Bitcoin and cover all the necessary cash costs that are required to be made. salaries, legal fees and professional fees. The ‘cash costs’ in Bitcoin production generally include the direct costs of energy and site costs, plus the operational costs such as general and administrative costs, e.g. In this piece, we’ll tackle a few standout metrics including the cost to mine a Bitcoin, balance sheet strength, Enterprise Value and production. Moreover, the Ethereum Merge in September 2022 further greatly reduced numerous miner revenue streams while steadily increasing its own Bitcoin hashrate to 3.0 EH/s. The impairment in Bitcoin price–down 65% since its all time high–and ASIC miner prices, along with the continued increase in mining difficulty and inflationary increases caused by global macroeconomic factors and the war in Ukraine, have had a significant impact on earnings during the final quarter of 2022. Just 12 months ago, CleanSpark (CLSK), Hive Blockchain (HIVE) and Iris Energy (IREN) reported significant profits (net income) of $14.1 million, $57.8 million and $60.4 million, respectively. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies)Ĭalendars and Economy: 'Actual' numbers are added to the table after economic reports are released.Earnings season is now underway for publicly listed companies, with quarterly earnings from Bitcoin miners showing just how difficult Q4 2022 was. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.Ĭryptocurrencies: Cryptocurrency quotes are updated in real-time. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright © Refinitiv. Data may be intentionally delayed pursuant to supplier requirements. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. Source: FactSetĭata are provided 'as is' for informational purposes only and are not intended for trading purposes. ![]() Change value during other periods is calculated as the difference between the last trade and the most recent settle. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. Sources: FactSet, Tullett PrebonĬommodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Sources: FactSet, Tullett PrebonĬurrencies: Currency quotes are updated in real-time. Sources: FactSet, Dow Jonesīonds: Bond quotes are updated in real-time. Sources: FactSet, Dow JonesĮTF Movers: Includes ETFs & ETNs with volume of at least 50,000. Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Overview page represent trading in all U.S. Indexes: Index quotes may be real-time or delayed as per exchange requirements refer to time stamps for information on any delays. Copyright © FactSet Research Systems Inc. Fundamental company data and analyst estimates provided by FactSet. International stock quotes are delayed as per exchange requirements. stock quotes reflect trades reported through Nasdaq only comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. ![]()
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