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Rally is ON - Bitcoin >$100,000 - This is our Favorite Bitcoin Mining Stock NOW

We Like this ONE Bitcoin Mining Stock....as an AI play...

Author

Markus Thielen
January 07, 2025

👇1-15) As Monday’s report forecasted, Bitcoin has climbed above $100,000. Daily revenue for Bitcoin miners has surged from a low of $25 million per day to $45 million, closely tracking Bitcoin’s price rebound.

Bitcoin (LHS) vs. Daily Bitcoin Miner Revenue (RHS, $ millions per day)

👇2-15) While some headwinds persist, ONE Bitcoin mining stock currently present an intriguing opportunity. However, our outlook is not as bullish as it was 15 months ago when we recommended shares of Bitcoin miner Bitdeer at $3.10. Since then, Bitdeer has skyrocketed to $26, making it the top-performing Bitcoin proxy stock since the Trump election.

👇3-15) A closer look at the numbers highlights the challenges Bitcoin miners face. Marathon Digital, the largest publicly listed Bitcoin miner, currently produces approximately 900 Bitcoins monthly, adding them to its balance sheet rather than cashing in on mining margins. This approach aligns with the market's growing preference for Bitcoin proxies, as demonstrated by MicroStrategy's success. But there is ONE Bitcoin mining stock that we still like, especially after the recent correction…

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