Despite Bitcoin testing the $60k level in February, Minto grew its revenue by more than 15% month-over-month and almost 170% year-over-year. This was made possible by continuously improving energy efficiency through our fleet upgrade strategy and increasing the project's total computational power.
In February, we mined 3.54 BTC and closed the month with a net profit of $24.6k, of which $11.2k was earned by $BTCMT stakers, and $13.4k went to Minto's Bitcoin Treasury. The cost of mining one Bitcoin was approximately $61.8k. We increased both hashrate and the Treasury replenishment rate.
In early February (Feb 6–9), we held VOTE#13 with a 100% "FOR" result. The Minto community unanimously approved allocating 5 BTC from the Treasury to purchase discounted hashrate and to increase the annual staking yield of $BTCMT by 5%. The "Mining rewards" line in the table above already includes this additional yield, which took effect two days after the vote.
At the end of February, we added another 17% to our hashrate, reaching 432,000 TH/s (up from 369,000 TH/s). We improved the project's Average Energy Efficiency (AEE) by 3.3%, from 30 W/TH to 29 W/TH, and Customer Energy Efficiency (CEE) by 8.8%, from 29 W/TH to 26 W/TH.
The Minto team is deeply grateful to our community for its support. Thanks to timely decisions, we have been acquiring mining equipment exclusively at market bottoms and, as a result, accumulating bitcoins mined at the lowest possible cost.
We also continue to apply a 65% uptime strategy, which further reduces mining costs. February was the most illustrative month in proving the effectiveness of the 65% uptime approach.
If you consider any company with a cost structure similar to ours (especially electricity prices), their loss would have exceeded $166k net under a 100% uptime scenario. Clearly, success in mining today is not just about having a "cheap power outlet" — you need to use every available tool to minimize capital and operational expenses, just as Minto does.
Thus, February 2026 can be considered a stress test for mining companies. As a result of miner capitulation, network difficulty fluctuated by more than 12% over the course of the month — an unprecedented level.
Spring is ahead, the market is coming to life, and we continue to work hard, ensuring that market volatility does not hinder but rather helps us look positively into the future and maximize our daily earnings.
Stay with Minto to receive daily mining rewards in bitcoins without worrying about volatility!
