Firsthand Bitcoin · Data · Bitcoin miners
Energy as reported. Demand-response credits exceeded the power bill in the first quarter. Overheads are mostly for its HPC build-out, so the loaded rate is an upper bound. Energy reported by the company.
| Period | Energy (MWh) | Power ¢/kWh | All-in ¢/kWh | Loaded ¢/kWh |
|---|---|---|---|---|
| Q1 2026 | 163,747 | -0.1¢ | 1.7¢ | 7.9¢ |
| Q2 2026 | 162,369 | 4.9¢ | 8.0¢ | 15.6¢ |
| H1 2026 | 326,116 | 2.4¢ | 4.8¢ | 11.7¢ |
| Period | Bitcoin mined | Power $/BTC | All-in $/BTC | Loaded $/BTC | Revenue $/BTC |
|---|---|---|---|---|---|
| Q1 2026 | 168 | $-500 | $16,700 | $76,600 | $77,300 |
| Q2 2026 | 179 | $44,400 | $72,300 | $141,200 | $71,700 |
| H1 2026 | 347 | $22,600 | $45,400 | $109,900 | $74,400 |
| Period | Depreciation | Impairments | Spending on machines |
|---|---|---|---|
| Q1 2026 | $13.4m | $8.9m | not separable |
| Q2 2026 | $9.5m | $0m | not separable |
| H1 2026 | $22.9m | $8.9m | not separable |
Full analysis, with every filing linked · All public miners
This is our analysis of the company's public filings, not an audit in the accounting sense, and it is not investment advice. Mining output depends on bitcoin's price, difficulty and uptime, and isn't guaranteed.