RE: New investors19 May 2021 11:43
If bitcoin drops to 20k, Argo is still making money and it is profitable. You gotta consider that if bitcoin drops so much, the mining difficulty will drop at the same time. This is because small mining facilities, or even retailers will stop mining bitcoin as it will be not profitable enough. Therefore, while Argo would mine a 20k bitcoin, it will probably mine a lot more quantities (i.e. lets say 50% more than the usual number). In the end this business is always profitable for Argo mining margins that are so great