MARA Cost to Mine.... (Patreon)

Note I still have my MARA and miners have been really strong this week.

Their cost to mine seems extraordinarily low. Basically they mine about 700 bitcoin a month 700×100,000 equals $70M per month and $35M is pure profit - $100M a qtr.

I tell ya, analyzing miners is the hardest thing ...for example

• $MARA holds ~$1.2B in unrealized profits from its assets.

• $IREN’s latest quarterly report showed $24M in profit.

• At this rate, it would take IREN 50 quarters (12.5 years) to equal MARA’s gains.

• Some claim IREN’s mining and results justify its $3.2B market cap.

Let me take this one step further

• MARA Market Cap is all BTC and worth $6BN

• IREN has no BTC HODL and has a market cap of $4bn