Quick thread on why Crypto Mining Stocks are performing so well. Not investment advice.

Mining stocks are a very attractive way for investors to get upside exposure to $BTC while being limited on the downside due to the infrastructure nature of the business. The best mining companies can deliver profits in bear markets and have outsized returns in bull runs

The accumulation of Bitcoin on the balance sheet is an important part of the value proposition. This accumulation can justify higher revenue valuation multiples and give the "VC" upside

Buying mining stocks is easy for investors similar to the Grayscale Trust. Investors can buy them in their 401k, TFSA, etc with ease. In Bull runs its an easier onramp and should outperform Bitcoin

The US market is the most favorable for mining companies - $MARA, $RIOT, $BTBT. They can easily raise equity capital and this was the first market to pump

The Canadian market is the second most popular - $HUT, $DMGI, $HIVE, $BITF. TSX has always been a preferred listing venue for more speculative traditional mining companies. This was the second market to pump (this week)

Overseas markets such as the UK and Germany - $ARB, $NB2 haven't yet seen the same stock appreciation as others but may be coming soon

Make sure to follow @zackvoell from @CoinDesk if you want to stay updated on the public mining space. He is the go-to for public companies.

Lastly, we put together a public mining database here. There are over 25 companies in it

@guzmanpintos https://hashrateindex.com/stocks