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Bitcoin Miners WULF and MARA Trade at 4× Revenue Premiums, IREN Lags

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bearish:

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On-chain data firm CryptoQuant has identified the Bitcoin addresses of listed miners and has derived intra-month revenue for MARA, WULF, RIOT, HIVE, CORZ, CLSK, BITF, CIPHER and IREN. Annualised figures place WULF and MARA on 4.4× revenue multiples, while IREN trades at a discount.
bullish:

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bearish:

0

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