But why bother investing in bitcoin mining stocks if you can just directly buy bitcoin itself? I mean you can't be sure if a mining company can sustain their business unless they have access to a cheaper electricity cost and cutting edge ASIC miners in which majority of them relies on these factors.
Pretty simple reasoning, a bitcoin miner can make a profit even if the price stays flat or it goes down, while you holding coins you can't unless it goes up. Same with stocks, you can make money while the price is going down, and even gain comparable to the bitcoin price in some intervals.
For example, MARA was 2$ in October 2020, it's $8 now.
Bitcoin was ~$11 000 at that time it's ~24 000 now.
It also peaked at $75 so with the same timing you would have experienced better returns than just buying and selling BTC
I saw a thread on here recently about marathon, I don't know if they're directly invested in mining but they seem to be at the top of my Google results.
They are, they have around 7 Exa with around 12 Exa waiting for being put online by the end of Q1, so around 4-5% of the global hashrate.
LE, fixed the wrong quote, damn tabs!
