Blogs -I/O Fund Discusses Bitcoin Miners and Tech Stocks on Fox Business News

I/O Fund Discusses Bitcoin Miners and Tech Stocks on Fox Business News

December 03, 2021

I/O Fund


In November, Beth Kindig shared her views on bitcoin miners, Microsoft and other tech stocks on the Fox Business show “Making Money with Charles Payne.” Below are video previews of her discussion and an overview of what the two of them discussed.

Beth Kindig is known for her stock-picking skills, focusing primarily on the tech sector. Roku, for example, has given four-digit returns to its readers. Other prominent winners include Nvidia, Zoom, and Bitcoin, which have all provided triple-digit returns from Beth’s free newsletter.

New sizzling stocks

One of the I/O Fund’s top holdings is Bitcoin. As we continue to see rapid adoption and more accessibility on a global scale, we currently like the risk/reward with Bitcoin miners. We have discussed this trend and our picks in the sector with our premium members.

In the interview above, Beth discusses that China’s losses will be gains for the United States.

Furthermore, investing in miners is, we believe, a leveraged way to play the crypto space. It’s closely correlated to the Bitcoin’s movements, so as the larger trend in Bitcoin continues up, we expect the miners to follow, yet at a higher rate of change. These plays come with levels of realized volatility that relegate these positions to small satellite plays, with an expiration date as well as stop underneath, just in case we are too early.

We think that this space will eventually attract a lot of institutional interest as the migration of miners to the US continues.  As investing in crypto becomes more desirable, and regulations continue to make it difficult for portfolios to trade, mining infrastructure allows institutions to exposure to Bitcoin through the public markets. We like that China is giving away a profitable business that the United States, primarily Texas, can host. We have traded Bitcoin miners in the past year and were able to booked a 44% gain in less than a month. We continue to closely watch this sector for any companies that are outperforming. We are holding another miner with a minimal loss of 6%, at time of writing.

A brief snapshot of the bitcoin miner’s recent earnings

Marathon Digital Holdings released its Q3 results on November 10th. The company’s revenue accelerated an impressive 6,091% YoY and 76% QoQ to $51.7M. Despite this, it missed consensus revenue estimates by $15.67M. The adjusted earnings per share (EPS) came in at $0.85 and beat analysts' estimates by $0.42. The company produced 1,252 bitcoins in the recent quarter, up 91% QoQ. For the next quarter, the analysts estimate revenue to grow 3,530% to $96.05M and adjusted EPS is expected to come at $0.65. For the most part, the four digit growth is priced in and we will need to see what MARA provides for forward guidance.

Another bitcoin miner, Riot Blockchain, released its Q3 results on November 15th. The company’s revenue jumped 2532% YoY to $64.8M. It missed the consensus revenue estimates by $2.35M. The GAAP net loss per share came at ($0.16) and missed estimates by 50 cents. The company produced 1,292 bitcoins in the recent quarter, up 482% YoY and up 91% QoQ. The analysts estimate revenue to grow 1,710% YoY to $95.57M for the next quarter and GAAP EPS is expected to come at $0.50. The company recently raised its hash rate to 9.0 EH/s from 8.6 EH/s.

Hut 8 Mining Corp released its Q3 results on November 11th. The company’s revenue grew by 768% YoY to C$50.3M (beat estimates by C$9.24M). The GAAP EPS came at C$0.15, which beats the estimates by C$0.04. The company mined 905 bitcoins in the recent quarter.

Bitfarms Ltd released its Q3 results on November 15th. The company’s revenue grew by 559% YoY and 22% QoQ to $44.8M. It missed the analysts’ consensus estimates by $1.83M. The company mined 1,051 bitcoins, up 38% QoQ. For the next quarter, the analysts expect revenue to grow 453% YoY to $62.6M.

Cloud Stocks

We have been tracking Cloud stocks in this earnings season to see which companies beat analysts’ estimates. We also track the key performance indicators like net retention rates and recurring revenues, which give us a better understanding of the forward growth estimates of the companies.

We have several winners in the Cloud industry. For example, Beth strongly believed that Microsoft’s focus on the hybrid cloud would help win the competition from other cloud companies.

We have published various articles on Microsoft, which can be found below:

Focus on Enterprise Pays off For Microsoft

Why Microsoft (Not Amazon) Will Win the Pentagon Contract

Here’s Why Microsoft Stock Could Overtake Amazon on Cloud Infrastructure

I/O Fund is comprised of a team of analysts who share their research publicly as they build a portfolio of 30 stocks. Our team has record results for a retail Fund and we also have four-digit gains on some of our free newsletter coverage. You can learn more about our premium service by clicking here or sign up for our free newsletter here

Disclaimer: This is not financial advice. Please consult with your financial advisor in regards to any stocks you buy.

Gains of up to 1150% from our FREE stock tips newsletter.

Here are sample stock gains from the I/O Fund’s newsletter --- produced weekly and all for free!

+1150% on Roku

+560% on Nvidia 

+162% on Zoom

+340% on Bitcoin

Our newsletter provides an edge in the world’s most valuable industry – technology. Due to the enormous gains from this particular industry, we think it’s essential that every stock investor have a credible source who specializes in tech. Subscribe for Free Weekly Analysis on the Best Tech Stocks.

If you are a more serious investor, we have a premium service that offers lower entries and real-time trade alerts. Sample returns on the premium site include 324% on Zoom, 601% on Nvidia, 445% on Bitcoin, and 4-digits on an alt-coin. The I/O Fund is audited annually to prove it’s one of the best performing Funds on the market with returns that beat Wall Street funds. 

More To Explore


Will Bitcoin Make a Good Investment? Phase 2: Economic Uncertainty

In the previous analysis, we discussed one primary reason that bitcoin will make a good long-term investment, as the price is likely to go up and stabilize once institu...

July 12, 2019

Snowflake Accelerates In Revenue While Growth Stocks Sell Off

I/O Fund recently initiated a position on Snowflake given its performance in revenue growth, net retention rate, and percent gain since becoming public over a year ago.

January 18, 2022

Cloudflare Stock: Ambitious Company Must Prove Its Valuation

Cloudflare is excelling as a company in website and application security in addition to Zero Trust and R2 Storage products. Doubtlessly, it will deliver. But at its current valuation, Cloudflare as a

December 28, 2021

Hybrid Work Is Here To Stay And Asana Will Be A Key Beneficiary

CEO and Lead Tech Analyst Beth Kindig of I/O Fund discusses the current hybrid and work from home trend in relation to cloud companies, specifically Asana. As working from home becomes more commonplac

December 22, 2021

I/O Fund Discusses the Tech Portfolio's Record Performance

I/O Fund is once again proud to announce our record performance. The 1-year return since the inception of our portfolio on May 9, 2020, through May 7, 2021, is 236%, and the year-to-date cumulative re

November 19, 2021

I/O Fund Blows Away Competition on One-Year and 2021 YTD Returns

I/O Fund boasts 236% 1-Year and 28% 2021 YTD returns which only prove how dedicated I/O Fund is to its mission– making institutional-level stock analysis, particularly in the tech sector, accessible t

November 18, 2021

I/O Fund’s Preview of 7 Semiconductor Stocks Ahead of Q3 Earnings

This quarter we chose Nvidia, Lam Research, Ambarella, Advanced Micro Devices, Broadcom, Marvell Technology, and Qorvo for an earnings preview.

October 20, 2021

Q3 Stock Earnings Preview - What to Expect for 7 Ad Tech Stocks

This quarter, we chose to go over Roku, Snap, PubMatic, The Trade Desk, Magnite, Pinterest, and Digital Turbine.

October 15, 2021

Apple VS Facebook on Ads and Consumer Privacy: Let’s Get Ready to Rumble

Two years ago, the I/O Fund wrote about Apple’s mobile privacy changes and kept our newsletter readers aware of these changes as they rolled out. Going into earnings, we are seeing headlines that Face

October 01, 2021

The Key To Unlocking The Metaverse Is Nvidia’s Omniverse

Last week, I wrote that Nvidia could surpass Apple in five years as the artificial intelligence economy will be nearly four times larger than the mobile economy that drove Apple. To get an understandi

September 08, 2021

Sign up for Analysis on
the Best Tech Stocks

The I/O Fund specializes in tech growth stocks and offers in-depth research and real-time trade notifications.

We are on social networks

Copyright © 2010 - 2022
Get Free Weekly Analysis on the Best Tech Stocks