Ranking Public Bitcoin Miners

Blockware Solutions

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 from 10-Q and 10-K fillings.

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