![]() Stifel rated Hut 8 Mining Corp (TSX:HUT). Cautious optimism for select crypto stocks “We continue to view (OTCQB:SMURF, NEO:COIN.AQN) and Ether Capital (NEO:ETHC) Corp as attractive vehicles to gain exposure to the Ethereum ecosystem, both of which have direct exposure to the token and long-standing staking strategies,” the analysts wrote. Stifel said it continues to see bullish supply-demand dynamics as incrementally more ETH is deposited for staking, implied staking yields that exceed 7%, and a significant reduction to potential selling pressure as a result of reduced issuance and the burning of ETH tokens. Ethereum updateĮthereum (ETH), one of the biggest cryptocurrencies around, saw meaningful price recovery in the final weeks of October is currently trading at around US$1,600 per token, down 57% year-to-date. For context, Bitmain Antminer S19J Pro machines have a breakeven electricity price of US$0.10 per kilowatt hour,” according to the brokers. “This has been a headwind for operators that do not have access to cheap energy. On the other hand, Stifel noted that the break-even electricity price for some hardware models continues to worsen. “Earlier this week, we saw ARBK sell an additional 3,834 new Bitmain S19J Pro machines for around US$15 per terrahash, representing the lowest prices we have come across this year and highlights managements eagerness to source additional capital,” Stifel wrote. One positive aspect is that the cost of mining equipment is becoming increasingly attractive. Effectively, this lowers revenue growth and margin forecasts across the coverage on a net basis, Stifel noted. The broker has updated its hashrate forecast to 285 EH/s for current year 2022 and 309 EH/s for current year 2023, up from 240 EH/s and 260 EH/s, respectively. Stifel said its crypto mining coverage is down an average of 81% year-to-date, compared with Bitcoin, which is down around 55% year-to-date. “We continue to view our top picks, Hut 8 Mining Corp (TSX:HUT) and HIVE Blockchain Technologies, as well-positioned to weather the current bitcoin price/hash rate environment given scaled operations along with the financial flexibility to capitalize on growth opportunities as newer generation mining equipment and sub-scale peers become increasingly more attractive,” the brokers wrote in a report. In a note, the broker said overall network hashrate is currently hovering around 262 exahash per second (EH/s) – up around 17% since the beginning of September – while the spot price for Bitcoin sits at around US$20,500, lowered from US$21,700. READ: First Quantum Minerals is a 'Buy', says broker Stifel GMP, despite cost pressures and lowered full year output guidance Meanwhile, Ethereum's long-term staking strategies make it attractive to investors, Stifel said. While the network hashrate continued to march to new all-time highs, Bitcoin traded somewhat sideways, noted the analysts. The analyst firm has lowered price targets for the cryptocurrencies it covers after the month of October proved to be challenging for mining operators, but remained upbeat on certain opportunities in the sector. Platforms: S4, Xbox One, Nintendo Switch, PC/Mac.Crypto investors may feel beaten down these past few months, but Stifel GMP sees attractive opportunities for savvy traders in the current bear market for well-capitalized operators.A game for every Smurfs fan, young or old, but also for every 3D platforming game fan!.Give life back to the Smurfs village by making progress and improve the Smurfizer by finding items spread around the levels.A subtle mix of platforming and exploration gameplays: find your way through vertical levels and explore them to uncover every secrets.The Smurfizer will also make you jump, glide, dive, vacuum… keep a good timing to overcome every obstacle and beat your enemies.Use the Smurfizer to heal the Vileaf contaminated plants on your way to Gargamel’s hovel.Embody 4 iconic Smurfs: the Smurfette, Hefty Smurf, Brainy Smurf and Chef Smurf in 5 different worlds.Thanks to the SMURFIZER, an invention from HANDY SMURF, go on an adventure to find the ingredients and free your fellow Smurfs… and save the whole village! ![]() PAPA SMURF decides to ask some of his fellow Smurfs to help him find the ingredients for a super powerful antidote for all the plants sick from the VILEAF. ![]() ![]() This plant produces “VILETRAP” seeds, which can attract and imprison Smurfs… but these VILETRAP plants are also a great danger for the forest, as they are TOXIC, especially for the sarsaparilla fields! In a dusty grimoire, the wizard Gargamel just put his hands on the formula of an evil plant: the VILEAF. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |