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I hope you've been having a great Mother's Day! |
My wife and I woke up 5am this morning to celebrate this special day by cleaning out our basement, painting the trim, and the whole assortment of things needed to get a 20-year-old house picture ready to go on the market. |
It's been a long time since we sold a house. I forgot what a monumental task it was! |
Needless to say, my wife didn't have a relaxing Mother's Day, but we'll make it up to her. I hope your weekend has been a little more enjoyable than mine! |
Now, if there's one thing you probably know about me (outside of the fact I am not very handy at home repairs! 🤷), it's that I'm always on the hunt for opportunities for outsized moves… |
That's why I love trading options and smaller stocks. |
When it comes to Bitcoin, the outsized moves are really in the mining stocks… |
While the currency might move 10-20% on a regular basis, I have found that the crypto mining stocks can make moves way bigger than that in the same period of time. |
And now is an especially exciting time to look at these companies. |
Let me show you some examples… |
Bitcoin's price has jumped 38% since the start of the year. That's nothing to sneeze at, to be sure. |
But check out this move that Marathon Digital Holdings (MARA) made in December: |
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And the move CleanSpark (CLSK) made in February: |
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It took these multi-billion-dollar crypto miners just over a week to make 46% and 126% gains, respectively. |
What caused these incredible rocket rides? |
On December 19, MARA announced a $179 million cash deal to acquire two Bitcoin mining facilities from Generate Capital. |
And on February 6, CLSK announced acquisitions of three turnkey Bitcoin mining facilities in Mississippi for $19.8 million cash. |
In the Bitcoin mining space, acquisitions like these are especially potent catalysts for jumps in stock price. |
That's because Bitcoin mining is predictable. |
When Apple announces its latest iPad, or Tesla announces a new model, nobody knows for sure how much revenue they'll bring in. |
When a Bitcoin miner acquires a competitor, the company has a good idea of the computing power it's bringing online, which translates into relatively predictable revenue. |
So long as the company is run by savvy executives, the deal probably made a lot of sense, and investors get on board. |
The reason it's an exciting time to look at Bitcoin miner stocks right now is we're right in the wake of the April 19 "halving" event (check out my email from this morning if you don't know what that is)... |
Now that the block reward has been cut in half, only efficient miners with strong balance sheets will be able to stay afloat. |
You can find article after article predicting "waves of consolidation and defaults" after the halving… |
But the consensus is that, barring a collapse in Bitcoin's price, mining companies with access to public markets' capital should not only be fine, they should be in a great position to acquire struggling miners. |
Elliot Chun, a partner at crypto advisory firm Architect Partners, says he expects "meaningful" miner M&A in the second half of 2024 and into 2025. |
The MARA and CLSK acquisitions were just a taste of what's to come. |
Between these M&A prospects and Bitcoin's possible rally to six figures this year (see my email from yesterday), this is an awesome time to look into Bitcoin miners. |
I have my eye on one public company in particular that's one of the most efficient miners out there… |
They've been saying for months that they'll be looking for post-halving acquisitions, and so far, they haven't announced any. |
That's why I'm especially interested in this company right now. |
I'm working up a full write-up of this idea, and I should have it in your inbox tomorrow morning before the market opens, so get ready! 📬 |
But, if you're one of those people who like to get a jump on things, you can use this link and go directly to my report at precisely 9am EST tomorrow. |
I'll post it online at exactly that time so everyone can get a fair shot at seeing this information before the market opens. |
I expect this to be a blockbuster idea for the coming week, and you are definitely going to want to see it from the very beginning. |
So, do whatever you need to do and set a reminder for 9am EST sharp tomorrow Monday, May 12th. ⏰ |
Then, click this link, and you'll instantly have access to everything without having to wait for emails (which can be kind of slow.) |
In the meantime, I hope you have a great rest of this Mother's Day. |
I still have a long night ahead of me to get this report wrapped up and keep working on the house! |
To Your Success, |
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Jeff Bishop |
P.S. Just a quick reminder that my new Bullseye Trade idea will also be posted first thing in the morning before the market opens. |
If you still haven't joined this list… you should do so right now. |
It will only take you a couple of minutes. |
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