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Finding Sustainability in Bitcoin Mining – Stocks to watch; (NASDAQ: $AGRI),
(NASDAQ: $MARA) (TSX.V: $HIVE.V) (NASDAQ: $HIVE)
December 16, 2024 – (Investorideas.com Newswire) Investorideas.com, a global news source and expert investing
resource covering water and renewable energy stocks issues a new edition of the
Investorideas.com Cleantech Podcast with host Dawn Van Zant, looking at sustainability
in bitcoin mining and some of the key players making it happen.
Stocks mentioned include. AgriFORCE Growing Systems
Ltd. (NASDAQ: AGRI), MARA (NASDAQ: MARA) and HIVE
Digital Technologies Ltd. (TSX.V: HIVE) (NASDAQ: HIVE).
Listen to the podcast on Spreaker
https://www.spreaker.com/episode/finding-sustainability-in-bitcoin-mining-stocks-to-watch--63339557
Listen to the Cleantech Podcast at
Investorideas.com on Spotify
Read this in full at https://www.investorideas.com/news/2024/cleantech-podcasts/12161Finding-Sustainability-in-Bitcoin-Mining.asp
Transcript:
As Bitcoin (
BTC: USD) raced past
$105,000 Sunday , miners that show greater profitability and mine in a way that is sustainable, not putting more strain on the current grid system
will come out as big winners for investors.
On December 3, AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI), a leading
intellectual property-driven technology company, announced the completion of
its acquisition of a bitcoin mining facility in Sturgeon County, Alberta.
Acquired for $1.5 million in cash, this cutting-edge facility represents a
cornerstone of AgriFORCE's integrated strategy, blending sustainable energy,
advanced data operations, and innovative agricultural solutions.
The facility, powered by 1.2 MW of natural gas
energy, currently supports over 130 bitcoin mining units and has the
scalability to accommodate up to 250 units. This capability delivers immediate
and long-term revenue streams while advancing environmental sustainability
through the use of flare natural gas-powered operations. These efficiencies
create additional opportunities for income generation by integrating high-yield
agricultural initiatives.
Chairman David Welch highlighted the strategic
benefits of this acquisition:
“This facility exemplifies our ability to execute
on a self-sustaining, scalable business model. By generating revenue from
bitcoin mining and seamlessly integrating sustainable agriculture operations,
we can offset operational costs and retain the Bitcoin we mine ('HODL'). This
positions us to maximize the future value of our assets while maintaining
operational efficiency and financial stability. It’s a forward-looking strategy
that aligns perfectly with our commitment to innovation, sustainability, and
long-term stakeholder value.”
Also on December 3rd, MARA (NASDAQ: MARA) , a global
leader in leveraging digital asset compute to support the energy
transformation, announced entering into a definitive agreement to acquire a
wind farm in Hansford County, Texas, with 240 MW of interconnection capacity
and 114 MW of nameplate wind capacity. This acquisition represents a major step
forward in MARA’s objectives to convert underutilized sustainable resources
into economic value, achieve near-zero energy cost, and enable broader
renewable energy deployment.
MARA will develop and operate a behind-the-meter
data center powered entirely by the site’s 114 MW of wind capacity at
zero-marginal energy cost. By operating a data center at this site, MARA
expects to take wind demand off the grid – alleviating grid congestion,
enabling renewable energy development, and building local power demand.
“This acquisition serves as a blueprint for how the
energy and data center sectors can collaborate to create long-term value while
advancing sustainability initiatives,” said Fred Thiel, MARA’s Chairman and
CEO. “By repurposing machines and energizing them with 100% renewable,
zero-marginal energy cost, we’re leveraging renewable resources that would have
otherwise been curtailed, reducing our bitcoin production costs through
vertical integration, and demonstrating MARA’s commitment to environmental
stewardship.”
The site will utilize last-generation ASIC mining
hardware that would have otherwise been written off or sold into the secondary
market. MARA’s approach, called the Advanced ASIC Retirement Initiative,
creates a more sustainable and capital-efficient alternative to discarding
retired machines, providing an avenue for the hardware to continue operating
profitably beyond their normal lifecycle, utilizing wind power that would
otherwise have been curtailed.
Also in early December , HIVE Digital Technologies Ltd. (TSX.V: HIVE) (Nasdaq: HIVE) a global
leader in sustainable blockchain infrastructure, announced a transformative step forward with the acquisition of 8.6 (Exahash)
EH/s of Bitmain S21+ Hydros. This purchase will increase HIVE’s Bitcoin mining
hashrate to 15 EH/s of high-margin, self-mining capacity by summer 2025. These
state-of-the-art miners deliver an industry-leading efficiency of 15 J/TH (joules per terahash) and 319 TH/s per unit, which will be powered by HIVE’s green energy
infrastructure in Paraguay.
Frank Holmes, Executive Chairman of HIVE, stated:
“Once fully deployed, our strategic expansion to 15 (Exahash) EH/s will propel HIVE to over $300 million in
annualized revenue and deliver more than $200 million in mining margin, based
on current mining economics. At 2% of the Bitcoin network’s total hashrate, we
expect to produce approximately 9 Bitcoin per day at the current difficulty
level, supporting HIVE's clear vision for scaling our operations while sourcing
green hydro energy and driving significant value for shareholders.”
HIVE’s initial order comprises 13,480 units,
representing 4.3 (Exahash) EH/s
of hashrate capacity, scheduled for delivery in April and May 2025. This
acquisition was secured at an exceptionally competitive price of $14/TH. (Terahash)
Additionally, the Company has a call option to
purchase an additional 13,480 units within one year, bringing the potential
total order to 26,960 units, or 8.6 EH/s (Exahash) of cutting-edge mining capacity.
By Q1 2025, HIVE will achieve a hashrate of 6.4
EH/s (Exahash) following
the internal upgrades of its existing 30 J/TH (joules
per terahash) fleet and the installation of 11,500 Canaan Avalon units.
These upgrades will elevate the Company’s global mining efficiency to 19.5 J/TH
(joules per terahash)
Upon full
execution and installation of the Bitmain order, HIVE will reach 15 EH/s (Exahash) of global hashrate
capacity, with a blended fleet efficiency of 17 J/TH (joules
per terahash)
HIVE’s CEO and President, Aydin Kilic, commented:
“Our primary focus is delivering exceptional ROI for our shareholders. This
strategic purchase and deployment of highly efficient 15 J/TH (joules per terahash) miners in Paraguay will
significantly enhance our profitability and substantially lower our Bitcoin
mining break-even point at current difficulty levels.”
Mr. Kilic continued, “With this deployment, we
project an ROI of approximately 10 months, taking in to account current
hashrate economics of $60/PH (Petahash)
per day after accounting for electrical and direct operating costs. This
positions HIVE for strong profitability and sustainable long-term growth.”
One of the biggest criticisms bitcoin mining
receives is the amount of energy it uses, but these companies are getting the message
and making sustainability a priority, and other miners are jumping on board.
Research bitcoin and crypto stocks with the free
stock directory at Investorideas.com
https://www.investorideas.com/Bitcoin-Cryptocurrency/Stocks_List.asp
Thanks, that's it for today. Do something good for
this beautiful planet each and every day.
Host Dawn Van Zant is a female pioneer in the
financial markets sitting in every seat as a trader, a broker, IR and PR before
finally starting my own site. Van Zant has been featured in interviews in
Business Week, CNN Financial TV, CBS Market watch radio and other financial
publications online, radio and print, talking about renewable energy, water and
homeland defense stocks.
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