May was the most successful month for Minto since the beginning of 2025.
We earned almost 1 BTC in net profit ($98k), while bitcoin showed an average monthly value of $102.8k.
The 1.3-fold hashrate increase to 190 PH/s in April helped us achieve a revenue of 2.25 BTC, which is more than 50% higher than in April. Minto demonstrates an impressive margin of safety, spending only a little over $59k on each mined bitcoin.
Thus, Minto showed 124% month-on-month growth and almost 600% year-on-year growth in net profit, and 140% and an incredible 66.7k%, respectively, in terms of Treasury filling.
In just a month, we have already half compensated the 1.5 BTC spent as part of the community's decision to purchase mining equipment made at Vote#11. As we promised, the higher the current hashrate, the faster the Treasury is filled, the stronger and more stable our project is compared to the market.
The Bitcoin network difficulty continues to set records and has reached 127 T. On the one hand, this complicates Bitcoin mining and increases the cost of each mined bitcoin. On the other hand, it is an indicator of the optimism of the mining community: investments in mining are growing, which means that expectations of a rise in the BTC price are also on the rise.
We remain inside the 2024-2028 halving cycle, which has a huge potential, and this is just the beginning of the journey!
Last month, the figures for a hypothetical 100% uptime mode went into negative, but this year the situation has changed dramatically: Working at full capacity, we would have made $45k in net profit. This is more than the real net profit of April (65% uptime mode), despite the fact that the cost of bitcoin mining at 100% uptime would be $88.5k/BTC! It’s an incredible comeback!
The market is truly unpredictable. We still keep our finger on the button to switch ACH (Active Customer Hashrate) to 100% uptime mode in order to get the most out of the market in time.
So, Minto enters the Northern Hemisphere's summer with excellent financial performance and we continue to move forward according to our long-term strategy. This is the time to realize the potential of bitcoin, the time to build up long positions and increase the return on investment in Bitcoin mining.
Balance your portfolio in favor of Bitcoin and Minto, and let's earn even more!
