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HomeFinanceMarathon, Riot amongst most overvalued Bitcoin mining shares: Report
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Marathon, Riot amongst most overvalued Bitcoin mining shares: Report

(BTC) mining heavyweights Marathon Digital (NASDAQ:) and Riot Platforms (NASDAQ:) are among the many most overvalued crypto mining firms relative to their opponents, says MinerMetrics founder and analyst Jaran Mellerud.

The important thing metric backing Mellerud’s declare is enterprise value-to-sales ratio — measuring an organization’s worth to its gross sales income. The upper the ratio, the extra overvalued an organization is.

Mining shares valuation by way of EV-to-Gross sales ratio. Supply: MinerMetrics
Mining shares valuation by way of EV-to-Hashrate ratio. Supply: MinerMetrics

Proceed Studying on Cointelegraph

See also  Bitcoin Worth Historical past Alerts Double-Digit Progress in February
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