If you are a $CIFR, $MARA, $CLSK, $CORZ or $RIOT investor (like I was lol), fuck those stocks. You are exit liquidity for a failed proxy play. Bittensor is about to take over the Bitcoin hashrate. Btc maxis are just lucky they get to witness what happens next.
Some remarkable stats on the ridiculously differentiated capital efficiency of Bittensor Subnet 14: @TAOHash
⛓️👇🏼🔥
These top 10 publicly traded Bitcoin mining co’s employ ~ 2,000 people, hold $3 billion of debt, spend $2 billion every year and trade at an aggregate val of $20 billion — generating 280~ EH/s.
Meanwhile, TAO Hash is 2 weeks old, employs ZERO people with ZERO debt and has permissionlessly incentivized the decentralization of nearly 2% of this 1/3rd of the entire Bitcoin hashrate… and currently trades at a $50 million ~ valuation.
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