Member Info for Stnz

Yes but in immediate terms of keeping the lights on, depreciation isn’t as critical as for example electricity costs or btc per eh.

I thought they were accounting for depreciation too though, no? I don’t really account for that when I say profitable, it’s just an accounting loss isn’t it (depreciation)? For example some miners calculate i over 5 years to make it look better on paper etc

Ok AB, see you then. Mawson have been granted an approximate 5% stake of CLSK.

In a nutshell, CLSK are still profitable and they’re on the right side of industry consolidation.

I don’t know the CLSK cents per KW, what I do know is they’re expanding for cash, taking on minimal debt, with minimal dilution. They have only 40-45m shares in issue. They’re paying their own way to their expansion as much as possible. If they were anywhere near Argo in terms of costs per btc/btc per eh.. you’d imagine they’d be selling each month to keep the lights on, where as they’re hoovering up plug and play ready (immediately hashing) facilities for $28 and most recently $17 per TH.

It’s not really an apples for apples comparison either, CLSK has consistently sold and as a result, are in a much strong position moving forward(32k average btc sale revenue, most other miners are 20k or so) Their rapid expansion has skewed btc per eh figures negatively (the EH went up 1.0 in a few days) so hasn’t yet reflected in an uplift in this ratio. Before it was 132-135 per EH. Argo are still sub 100 in this ratio. I’d expect CLSK to return to top of class in btc per eh mined, very soon. I also expect 6.0EH eoy. They’ve also repeatedly stated that they would still be comfortable financially, with another btc leg down. Georgia is cheaper than Texas for electricity, someone on the discord posted an industrial/commercial electricity cost per KW map a little while ago, Georgia was the cheapest.

FP;
I think I’ve realised consistent selling pays better than HODLing indefinitely as a miner, CLSK revenues per btc are a lot higher than everyone else’s because of this. I think paying your own way as a business has, at least in part it’s own value in terms of investor confidence too. Another thing to note is that the rate of expansion has negatively falsified their BTC per EH.

Georgia is/was the cheapest commercial electric in the USA. Haven’t checked for a while mind you.

HUT will likely buy up the weak facilities, CLSK are doing this already and at quite a rate of knots.

Why would anyone want advice from Pinocchio Peter?

Some very interesting moves coming from CLSK, for mostly cash too.

My money? That’s a curious perspective.

Why is it scary, did you buy in or something?

So they can hodl and dilute you to for the privilege?

It isn’t a risky strategy, it’s dca in reverse. The proof is in the pudding when you compare revenues per btc mined.

CleanSpark is the obvious choice for a miner, imo.

Ffs

Wrong or right has nothing to do with being cast out as an individual. You’re crass and tasteless.

//sarcasm

I’m glad someone let me know, I can now take my money out of bitcoin and keep it safe in the bank. They can’t touch it there.

As for farms, Rory I’d suggest you’d dig a bit more. Whispers of having to sell rigs?