In the medium term, the forecast for 2021 is equivalent to a tax increase of 1.1%.
In a December 21 letter to shareholders, German Bitcoin CEO Aarosh Thilainathan
bitcoin is moving slowly
the cost of production is marked
$20,832 in cash
Mining company Northern Data expects to generate between $202 million and $206 million in crypto mining this year. For the week, that’s a 1.11% increase in North Data’s total fiscal 2021 revenue of $202 million, as revenue is expected to increase tenfold. The company’s revenue in 2020. Thillainathan said:
“Northern Data is debt free and has therefore seized a unique opportunity to strengthen and improve our position in the BTC mining sector by promoting cloud solutions and on-premises services. We see a great opportunity in the HPC market [ high-end]. That’s what we’re aiming for.”
The Blockchain CEO also said that investors should expect earnings before interest, taxes, depreciation and amortization (EBITDA) of between $43 million and $80 million. In 2021, Northern Data forecasts EBITDA of $95.2 million, with the unrecognized number being higher due to certain factors such as good weather with Energy related to the return of the Whiston capacity contract in the United States and the results of Whiston’s turnover. ,
Thillainathan explained that the lack of overall growth in his company’s forecast is a combination of “+46% YTD [year-over-year]” drop in hash rate and “BTC price which is up 60% since launch.” . . Year”. and “Electricity prices have increased”.
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Electricity prices in Germany have increased significantly over the past year. Source: Business Economics
Looking ahead, Thillainathan claims that the company has placed around 13,000 ASIC miners with supply contracts in the coming months. “North Data’s monthly BTC may be around 500 BTC (during the current mining downturn). Given that the energy price is around 0.03 EUR/kWh, bitcoin’s ‘efficiency’ is of around 10,000 EUR and therefore profitable “The big advantage of the current price is that a lot of BTC is difficult,” said the manager.
Source: Cointelegraph
Source: Cointelegraph
Source: CoinTelegraph
