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I was contemplating the efficiency of Bitcoin miners, specifically measuring the Bitcoin value mined against each dollar of their share price.

In this analysis, Argo emerges as the most efficient.

However, it's important to remember that this is influenced by market capitalization, which can be impacted by factors like significant debt.

Therefore, I use a variety of indicators to develop a comprehensive evaluation.

Overall, it's clear from this metric that MARA, RIOT, and HUT are less efficient compared to others.