I don't understand why $BTBT has pumped this much, looks like people are just apeing into any $BTC mining company without any understanding of mining hash rates produced by these companies. $MARA and #ARB are just way more cost efficient stocks to buy.

Let's actually analyse the following $BTC mining stocks. I will try make this thread as informative as possible and the specific companies I will look at are $MARA $BTBT $RIOT #ARB / $ARBKF

Current stock prices of each
- $MARA $10.89
- $BTBT $28.86
- $RIOT $16.33
- #ARB / $ARBKF 47.1GBX / $0.770000

Current Hash power of each company at time of writing
- $MARA 300 PH/s (roughly based on a low res graph they posted)
- $BTBT 2253 PH/s
- $RIOT 2300 PH/s
- #ARB / $ARBKF 625 PH/s

Going by these rates #ARB / $ARBKF is seriously undervalued. I would consider $MARA / $RIOT currently fair value and $BTBT very overvalued.

I would be most bullish on price for #ARB and $MARA given current prices. My reason being so bullish on $MARA is due to their $200m mining investment their expected hash power by EOY is going to be over 10,000 PH/s which is 5x higher than their competitors

This is not meant to be a bear post on $BTBT but just some retrospective analysis and long term I would bet on $MARA due to the heavy investment in their mining operations. #ARB has a lot of room to grow as well no idea why it is so cheap.