We compare Satoshis per $1,000 across major Bitcoin miners, stack it against MNAV, and weigh how HPC contracts are reshaping valuations. ETF demand, thin volumes, and Hive’s new Colombia listing set the backdrop as we map where equity delivers more sats than buying BTC. • Bitcoin price steady near 90k with ETF inflows • Miner volumes lower and heat map mostly red • DATs premiums fading and discounts emerging • MNAV for miners versus asset bases and debt • Sats per $1,000 methodology and top results • Contract value and power as key drivers • Core Scientific delivery progress and comms gap • Hive broadens access via Colombia listing • 2026 outlook for HPC deals and margins • Risk notes on projections and due diligence Sign up for Miner Madness 5.0: log on to the website, subscribe to the newsletter under News, then complete the entry form when it arrives. Pick three mining stocks ($300, $150, $50) and include your 31 March Bitcoin price tiebreaker Anthonys Info: Website: https://www.powermininganalysis.com X: https://twitter.com/cazenove_uk Patreon: https://www.patreon.com/Cazenove_UK Bryce's Info: X: https://twitter.com/McnallieM Patreon: https://www.patreon.com/McNallieMoney Merch: https://shop.mcnalliemoney.com/ Website: https://www.mcnalliemoney.com Business Inquiries: Email -
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