Behind The Scenes Of Mining Industry Deals
summary
Panelists lay out concrete deal criteria: valuation uses discounted future cash flows plus comparables where large public miners trade near $160M per exahash online versus smaller peers in the $30–70M range; scenario modeling uses hash price stress tests (bear cases as low as 3.5¢/kWh-equivalent hash price versus current ~5¢); capital markets note over $1B raised on ATM programs this year and 40–50% retail trading, while true value hinges on owned power interconnects, fiber, water access and HPC/AI-capable data center infrastructure.
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chapters (10)
- 0:00Panel Introduction
- 3:22Valuation of a Company based on Future Cash Flows
- 6:21Profitability and Future Growth in the Mining Industry
- 9:24Difficulties in Finding Debt for Bitcoin Miners
- 12:18Evaluating a Deal in the Mining Industry
- 15:20Challenges in M&A Transactions
- 18:24Challenges in M&A Transactions in the Cryptocurrency Industry
- 21:07The Worth of Acquiring Energy Infrastructure
- 24:22The Importance of Power Generation and Location
- 27:21Introduction to the Bitcoin Conference in Las Vegas
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