高贵的阿德莱德 commented on a stock · Oct 31 14:43

It's called BMNR when it rises, but what about when it falls?

When it drops, it's called RNMB.

$Bitmine Immersion Technologies (BMNR.US)$

The cryptocurrency market has been unstable recently, so I’ve liquidated this stock. Currently, my main holdings in crypto-related stocks are:

$MARA Holdings (MARA.US)$Holding over 50,000 bitcoins, its value already exceeds $5 billion. If compared with MSTR, it is already undervalued. However, while MSTR only buys (and can’t buy much now), MARA can mine by itself. More importantly, the company is transitioning to become an AI data center, a factor that has not yet been priced in. If it fully transitions to AI and stops mining, MARA would be equivalent to a smaller version of MSTR plus CRWV. As long as the bitcoin trend remains bullish and the AI boom continues, it is already significantly undervalued. It’s puzzling why the market assigns such a low valuation.

$Bit Digital (BTBT.US)$It has already transitioned to AI and holds a controlling stake in WYFI, making it equivalent to a smaller version of RNMB plus CRWV. At this market capitalization, it is also significantly undervalued.

But why hasn’t it risen? Because they are all priced as crypto companies. With the cryptocurrency market being so bleak, it’s certainly hard to see an increase. As long as the cryptocurrency market takes off and AI continues to advance strongly, there will definitely be a rise later on.

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