THE MINING POD: The Mining Metrics That Matter With Pennyether
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 26 December 2024
⏱️ 57 minutes
🧾️ Download transcript
Summary
Which metrics are the most important for valuing public bitcoin miners? Pennyether spills his secret sauce on today’s show.
Welcome back to The Mining Pod! For this week’s Bitcoin Stock Show, we’re joined by a great friend of the show, Pennyether. Some of y’all might recognize Penny from a couple of the earnings calls we streamed on The Bitcoin Stock Show earlier this year. He’s one of the most insightful independent bitcoin mining stock analysts in the game, and in this episode, he shares his methodology for valuing bitcoin miners, which metrics he finds the most (and least) useful, and his thoughts on the AI boom in mining.
Timestamps:
00:00 Start
03:53 The mining metrics that matter
10:33 More important metrics
19:24 Valuing AI and miners together
26:55 A note on Bitfarms
28:32 What does the market actually care about?
33:10 Thoughts on convertible debt
36:55 How to hedge convertible notes
45:31 Bigger narratives in mining
48:10 The future of bitcoin mining and data centers
52:55 What metrics aren’t worthwhile?
Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!
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Transcript
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| 0:49.7 | Hey, welcome back to the mining pod. On today's show, we're joined by Penny Ether. He's one of |
| 0:53.7 | Twitter's favorite public mining analysts out there. He covers a few major miners. And we go through basically his framework for how he thinks about Bitcoin mining and how he values different Bitcoin miners. So we go from first principles of just what is Bitcoin mining in essence as a business. And we go all the way through how these stocks perform, why they perform in certain ways, and |
| 1:15.8 | then also how these banking analysts are thinking of things. |
| 1:18.8 | This is honestly one of my favorite shows of the year I've done to date. |
| 1:22.4 | Thank you for paying to make this possible and thank you to Pubkey, who allowed us to film |
| 1:26.8 | on location. Okay, a quick word |
| 1:29.0 | from our sponsors and then on to the show. Are you retail or institutional investor interested |
| 1:33.1 | in Bitcoin mining companies? The MinerMag brings you free data and analysis from all major |
| 1:37.3 | NASDAQ listed Bitcoin mining operations to know who stands out. Check out visualized metrics |
| 1:41.9 | and data-dependent stories at theminermag.com. |
| 1:45.4 | Thanks for listening to The Mining Pod. Want more? Subscribe to our main feed on Apple, Spotify, |
| 1:50.5 | YouTube, or wherever else you get your podcast for another weekly show on Bitcoin stocks. |
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