... Traditionally bitcoin securities trade for between 3 and 10 times their instantaneous annualized return...
Traditional securities don't depreciate by 50 to 200% *monthly*. This is bitcoin mining, a very untraditional security

Check up historical prices and dividends. BTC mining securities generally have adjusted to maintain a yield of 10-30%, with the occasional spike up or down depending on news.
...
wut? Historical prices tell me that no mining bonds have made money for "investors." So not sure what you're saying. The winner you picked closed at what, 1% of the IPO price? Before trading was halted? How do you figure 10-30%?