Research &
Publications

Ranking Public Bitcoin Miners Q4 2022 April 26, 2023 In February 2023, Blockware Intelligence released the pilot version of “Ranking Public Bitcoin Miners” using financial data from mostly the 3rd quarter of 2022. That report caught fire, as it introduced an innovative new framework to quantify the financial health of public miners and calculated a […]

Bitcoin Mining 101 March 3, 2023 Blockware Intelligence and the Satoshi Action Fund co-published this Bitcoin Mining Education report. The basics of Bitcoin, Proof of Work, the Bitcoin Mining industry, and more are all covered. View PDF

Ranking Public Bitcoin Miners February 3, 2023 This report outlines a framework to quantify the liquidity, solvency, and profitability of publicly traded Bitcoin miners. It uses methods practiced by traditional financial professionals to quantify the financial health of public miners and calculates a “Miner Score” to rank them based on four critical metrics pulled directly […]

Pricing ASICs – A Valuation Model for Bitcoin Mining Rigs January 27, 2023 Bitcoin mining rigs (ASICs) are a special segment of computer hardware that can be priced as a derivative of BTC and time. This report will use the terms rigs and ASICs interchangeably. Historically, the first Bitcoin ASICs depreciated quickly due to next-generation […]

2023 Market Forecast December 9, 2022 Bitcoin experienced a difficult 2022, but the outlook for 2023 could be quite different. Read what Blockware Intelligence forecasts from a Macro, Bitcoin, Mining, Energy, and Geopolitics perspective. View PDF

Purchasing Power Under a Bitcoin Standard October 31, 2022 Humanity is naturally converging on a global Bitcoin Standard due to BTC having unrivaled monetary properties. This Blockware Intelligence Research Report forecasts the future purchasing power of BTC as it becomes the dominant store of value through the demonetization of other asset classes. View PDF