April Production Analysis: Cipher Mining, Marathon & Riot Platforms!

We examine the market's peculiar disconnect between Bitcoin miners' treasuries and their market caps, with Marathon Digital and DMG Blockchain holdings worth more than their entire company valuations. • Marathon's production down 17% month-over-month, yet added 705 Bitcoin to their treasury with zero sales • Riot Platforms shifts strategy, selling 100% of monthly production plus additional treasury Bitcoin • Cipher Mining also increasing Bitcoin sales, reducing their HODL balance to fu...