Bitcoin Miners Report, January 2025

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	Forwarded this email? Subscribe here for more Bitcoin Miners: Marathon Vs. Riot Bitcoin Miners Report, January 2025 Ecoinometrics Jan 8 ∙ Preview   READ IN APP   Judging by the relationship between Bitcoin's price action and Bitcoin mining stocks as a group, our original Bitcoin miners thesis was wrong. You can make good returns by investing in the miners, but in this new market, none of them is likely to deliver the 10x Bitcoin performance that justifies the risk. Betting on Bitcoin miners as a general category isn't the best strategy. You need to choose specific stocks based on the profile you seek in your portfolio. Let's analyze this by focusing on the two heavyweights of the category: Marathon and Riot. The Ecoinometrics newsletter gives you insights from crypto and macro data to help you make better investment decisions. We spend hours every day gathering data, creating metrics and bringing them to life with data visualizations that allow you to quickly get to the heart of things. We then distill all that knowledge in each issue of the newsletter with less words and more charts so that you get insights, direct to the point, in five minutes or less. Join more than 28,000 investors here: Upgrade to paid Done? Thanks! That’s great! Now let’s dive in. Bitcoin Miners: Marathon Vs. Riot The Takeaway Our original thesis that Bitcoin miners would outperform Bitcoin in this bull market was wrong. However, market leaders Marathon and Riot have adopted strong Bitcoin accumulation strategies that make them attractive investments with different risk profiles. Marathon offers higher potential returns but more volatility, while Riot presents a more conservative option. Both appear undervalued at current prices, but investors should choose based on their risk appetite rather than betting on mining stocks as a category. Undervalued Miners... Continue reading this post for free in the Substack app Claim my free post Or upgrade your subscription. Upgrade to paid   Like Comment Restack   © 2025 Ecoinometrics 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe