Mar 21, 2021
general Analysis
[3 min Read]
Summary
This is a quick look at a few Canadian and US based crypto mining companies based on market cap and their capability to mine crypto. It looks at overall market cap between these companies and then looks at the ratio of current market cap compared to current mining rates and future mining rates. This is a very simplified view but essentially mining capability = revenue.
Thoughts at first glance
Company |
Hut 8 Mining Corp |
Bitfarms Limited |
Hive Blockchain |
Riot |
Mara |
Symbol |
TSX:HUT |
CSE:BITF |
CVE:HIVE |
NASDAQ: RIOT |
NASDAQ: MARA |
Market Cap ($M) |
$ 1,268 |
$ 710 |
$ 1,725 |
$ 4,100 |
$ 4,250 |
Current PH/s |
1,073 |
965 |
653 |
566 |
248 |
Future PH/s |
1,548 |
1,300 |
2,747 |
1,446 |
1,400 |
Market Cap ($M) / PH/s (Current) |
1.2 |
0.7 |
2.6 |
7.2 |
17.1 |
Market Cap ($M) / PH/s (Future) |
0.8 |
0.5 |
0.6 |
2.8 |
3.0 |
Notes:
Current and future capacity sources (note: these may not be 100% accurate as there were multiple press releases talking about current and future capacity)
HUT8 - here
Bitfarms - here
Hive - here
RIOT- here
MARA - here