On December 6, we added another 11% to our hashrate, which means we're now working even faster and more efficiently. Minto's total computational power reached 369,000 TH/s, with an Average Energy Efficiency (AEE) of 30 W/TH and a Customer Energy Efficiency (CEE) of 28.5 W/TH.
This power increase allowed us to mine 2.825 BTC in December, with a net profit of $48,850. The cost of mining one Bitcoin stood at $71,550. Revenue grew by over 65% year-over-year; however, a 35% increase in network difficulty and a more than 6% drop in the BTC price significantly reduced net profit by a corresponding 42%.
We continue to work and earn regardless of market conditions!
The growth of assets in our Bitcoin Reserve (Treasury) is accelerating. It now holds 5.73 BTC. That's a +190% increase year-over-year. TVL grew by 22% over the year, while the project's hashrate surged by 155%.
We are consistently developing our project, mining and accumulating bitcoins, and paying immense attention to mining energy efficiency and infrastructure superiority, rather than to market uncertainty.
As Bitcoin has retreated from its highs and a new wave of growth is not yet in sight, we continue to use our key strategic advantage — the 65% uptime strategy.
Without this strategy, given a potential revenue of around 4.7 BTC, we would not have been able to achieve a positive financial result, and the cost of one Bitcoin would have exceeded $100k.
We are still in the 65% uptime mode and still earning!
So, at the end of the year, passions have settled. Bitcoin has moved away from its highs and entered a sideways trend. The market has calmed down and is counting its profits. It was a good year, and the next one will be even better.
Stay with Minto, and let's keep mining Bitcoin together!
