Managing Director and Senior Research Analyst at Compass Point
Chase White is a Managing Director and Senior Research Analyst at Compass Point, specializing in equity research within the digital assets and cryptocurrency infrastructure sectors. He covers a select group of publicly traded blockchain and crypto-mining companies, including Cipher Mining, Stronghold Digital Mining, Marathon Digital Holdings, Riot Platforms, Core Scientific, IREN Limited, CompoSecure, Coinbase Global, TeraWulf, and Argo Blockchain, where his recommendations have achieved a success rate of over 78% and generated an average return exceeding 65%. White began his analyst career in the mid-2010s, advancing to a senior role at Compass Point, where he has become a recognized name for his in-depth analysis of digital asset-related companies' financials and operations. He maintains professional credentials required for securities analysis and is noted for timely, high-performing investment calls in a rapidly evolving sector.
Inquired about the progress on strategic partnerships and the company's strategy for the upcoming halving.
The company is in ongoing discussions with key strategic partners and hopes to share updates on the next call. In parallel, the focus is on reducing debt and costs, which will allow the company to be opportunistic during the halving as they expect many unprofitable miners to come offline.
Inquired about the specifics of the power and hosting arrangement with Galaxy, including any markups and the sharing of economic curtailment benefits. Also asked for an updated timeline on achieving the 2.8 exahash capacity target.
The company has a pass-through power agreement with Galaxy with no markup, only a hosting charge. Proceeds from economic curtailment are split evenly. The 2.8 exahash target is expected to be met by the end of the year, potentially before Q4 2023, given the current deployment pace.
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