Pleased because it reflects the business success of an industry that presently is running close to a $26.1 billion run rate (365 times daily revenues of $71.6 million).
Many mining stocks could be looking at forward-EV/EBITDA multiples in the very low single digits versus 2024 and 2025. Any single digit multiple assumed on valuation metrics must assume a Bitcoin price of between $70,000 to $100,000.
Companies like Cleanspark, Marathon Digital, and RIOT Platforms have positioned themselves as large scale miners aggressively raising capital through At-The Market Offerings (ATMs), expected to show accelerating growth.
#bitcoin-mining-industry #investor-optimism #valuation-metrics #market-positioning #growth-opportunities
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