Summary
Bitcoin’s price surge has made mining profitable for companies post-halving. Cantor Fitzgerald’s analysis shows all major mining firms will be in the green with Bitcoin trading at $67,000. CleanSpark and Bitdeer are highlighted as efficient and promising companies in the industry.
Key Points
1. Bitcoin’s massive price surge has paved a safe path forward for Bitcoin mining companies post-halving.
2. At today’s price of $67,000, every analyzed firm, including Marathon Digital (MARA), Riot Platforms (RIOT), and Iris Energy (IREN), would be profitable.
3. Bitdeer is highlighted as a highly efficient contender with a cash cost per Bitcoin mined at just $18,319 as of the third quarter of 2023, excluding depreciation and stock compensation.