Part 7/14:
He discusses the 2023 rally where top miners like CleanSpark, BitFarms, and Mara have outperformed Bitcoin itself, with CleanSpark surging 800%, recently indicating a potential 2-6x gains over Bitcoin in the coming years.
The strategy involves issuing shares—just like MicroStrategy—to fund rig purchases and scale operations, betting on Bitcoin's appreciation. The model advocates issuing shares at low cost during bear markets and deploying capital to buy more rigs, thus leveraging growth.
Additionally, the host underlines that despite high prices or dilution, miners are executing a "hash arms race"—building the most efficient, lowest-cost operations—aimed at maximizing Bitcoin profitability regardless of cycle phase.