How analysts classify the axis

Bitcoin mines from the Bitcoin miners Q4 profit You can tolerate the belief that it was nothing but the smooth sailing of this industry.

But there is no ignorance of the fact that bitcoin miners who were publicly circulated lost 23 billion dollars in the collective market value last month, according to the last JP Morgan report.

Not all this is surprising to look at Bitcoin price February began above 102,000 dollars, then up to $ 78,000, while the markets were strengthened by President Donald Trump Talk of trade war.

Stock analysts said, regardless of the high price of bitcoin Decipher They are watching data center deals and energy costs and how miners make their current fleets more efficient.

At the beginning of the week, Cotton 8 mentioned 162.4 million dollars in revenue for 2024 – an increase of 69 % compared to 2023, The company said. But this is not the reason that Mike Colognese, the administrative manager and a large encoding analyst at HC Wainwright, said he was optimistic about the company.

“We believe that HUT 8 is about to sign a major HPC/AI deal with hyperactivity,” he said. Decipher. “The company will build and operate the HPC/AI data center for the customer in a kind of blog models where the hut will generate high -term margin revenues from a tenant to infrastructure management in which the rented graphics processing units are deployed to operate AI’s work burden.”

To place cherries on top, the company also noticed in its report that it managed to reduce energy costs by 30 %. This helped to create an 8 -point increase in the total margin of each bitcoin, when the Q4 2024 compared to the previous year.

This is not easy to withdraw the Bitcoin network in the same year The fourth half event The paid bonus of the workers was reduced by half.

In general, Colonies said he believed the mining costs will rise in 2025, as the network is difficult to increase in addition to growth in the network fragmentation rate and there are no significant promotions to the most popular mining platforms on the horizon.

He added: “However, I expect that the BTC price estimate has exceeded growth in difficulty,” so miners must benefit from a significant improvement in mining economies in 2025. “

Nishant Sharma agrees that it is important to see how to manage mine workers, but it uses what he formulated Hashcost. It is an account of the efficiency of the fleet of miners and the money that requires maintaining bitcoin mining platforms under operation.

Charma, who was previously working in Bitcoin Mining Rig Beheemoth Beemoth, is the founder of the telecommunications and research company at the Mining Industry Company in the mining industry.

“This provides a clearer photo about the effectiveness of the cost in Bitcoin,” he said. Decipher. “However, when evaluating the shares of the mining company, investors should only look beyond mining efficiency.”

He pointed out that most of the mining companies, such as HUT 8, have already diversified their revenue flows by providing a data center space for AI customers and high -performance computing customers (HPC). But this is not the only way to move forward.

Others, like Core Scientific, works to design their ASIC chip. He added: “These strategic moves provide additional factors that investors must weigh based on their investment theses and expectations.”

The ASIC, or integrated application, is the important segment that improves devices specifically for coding mining. This makes mining platforms head and shoulders more efficient than mining encryption with a personal computer.

Core Scientific advertise In 2024 He was cooperating with Jack Dormy’s Block Inc. To design ASIC chips. Investors will get to see these chips at work soon.

“We do not expect to increase or update the Bitcoin mining fleet until we buy new ASIC chips in the second half of 2025,” Dennis Sterling, the Core Scientific Chief Dennis Service, said during the company’s profit call last month.

To hear Max Shannon told her, Core Scientfic’s profit call was unnote. Shannon is an analyst at Crypto Investment Coinshares.

“On the mining front, the performance was not influential, and in fact, it deteriorated a little,” he said. Decipher. “However, the HPC has provided strong results, with the client’s interesting interest.”

He was referring to the Core Scientific deal with Ai Hyperscale Coreweave, which was announced earlier this week A. A $ 1.7 billion acquisition deal. Only last month, the two companies ended $ 1.2 billion expansion At the Texas Data Center.

He said he was also watching Bitdeer, another mine in Bitcoin that is indulged on the manufacturing aspect of things. He said that the Sealminer A2 platforms have already acquired an estimated 5 % of its market share based on Hashem’s growth in the expected future.

“We believe this can increase over time,” Shannon said. “This sector provides greater operational flexibility, as the company can use machines at a cost instead of purchasing market prices, which reduces spending.”

Edit Guillermo Jiminiz.