April became a month of steady Bitcoin growth (+11.8%), typical of a new bullish trend being formed after a prolonged decline. It is highly likely that the February level of $60k became a reversal point, similar to the $49k level in August 2024. We expect new highs ahead.
- April mining operations generated approximately $78k in net profit for Minto, with 3.85 BTC mined. This is 40% more than in March.
- The production cost of each mined Bitcoin decreased by 3% to $53.2k.
- We grew our Bitcoin Treasury by nearly $60k (+44% MoM) and distributed $18.2k as staking rewards for $BTCMT holders (+30% MoM).
The Treasury growth rate is impressive — a 72% increase over the month, or +0.75 BTC in absolute terms. We are accumulating reserves faster and faster, which means we can put hash rate expansion proposals to community voting more frequently.
Last month’s equipment optimization allowed us to achieve a Client Energy Efficiency (CEE) level of 21.5 W/TH, and we will continue improving it as our reserves grow. Successful mining is a continuous process of infrastructure enhancement, which is why we keep steadily investing in energy efficiency, maintaining stability regardless of market conditions.
In addition to infrastructure solutions, we utilize intelligent mining management algorithms. The 65% uptime strategy is our proprietary technology for reducing the production cost of each mined BTC. Mining during low electricity tariff hours reduces gross revenue but maximizes net profit. We are continuously fine-tuning this process to achieve the best possible outcome.
As shown in the table below, mining 24/7 (100% uptime) would have resulted in substantial losses, pushing Bitcoin production costs above $100k. Results like these force many mining companies to shut down operations (miner capitulation), but for us, this is merely a “hypothetical negative scenario” that clearly demonstrates the effectiveness of our 65% uptime strategy.
Following the results of VOTE#13, we continue allocating an additional 5% annual yield to $BTCMT staking participants. Mining has long moved beyond the reach of ordinary enthusiasts, but Minto’s doors are open to everyone. We possess the infrastructure, technology, persistence, and — most importantly — a long-term strategy that has consistently delivered results for many years.
By choosing Minto as your gateway into the world of mining, you are choosing stable payouts and the opportunity to participate directly in decisions regarding the project’s development. We are grateful to the community for the decisions already made and have no doubt in your continued support.
With Minto, you can profit from mining during both difficult market conditions and periods of explosive growth. We personally prefer the latter — but our future success is being built right now. Stay with us so we can reach new heights together!
