October is over. For the first time since 2018, it did not become a month of Bitcoin growth. However, despite the break in the October tradition, Minto earned almost $104,000 in net profit, having mined almost 2.3 BTC. This once again proves the sustainability and effectiveness of our financial model.
The cost of 1 BTC was $68.3k, slightly (+2.72%) higher than in September.
The net profit growth year-on-year was 155%: In October 2024, the 25% growth of Bitcoin allowed us to earn only $40.7k net, so there is not the slightest reason to be sad about October 2025, which was so successful for Minto - it was another Uptober for us anyway!
Minto continues to increase its hashrate by receiving and launching modern ASICs. Over the course of the month, we added another 5.25% of computing power, increasing its total volume to 326,800 TH/s.
Another element of Minto's financial stability is our BTC reserve: as the hashrate increases, our Treasury gets filled up faster. In October, we added almost 19%, bringing the reserve volume to 4.65 BTC.
The October increase in the Minto hashrate is a global trend despite the market decline. This is evidenced by an almost 10% increase in the Bitcoin network difficulty (from 142 T to 156 T). Major players in the mining market are increasing their capacity regardless of market volatility. The Minto project has relied on the long-term development and improvement of the mining infrastructure - and today is the time for our success!
In addition to rational infrastructure solutions, Minto uses a 65% uptime strategy, achieving maximum mining profitability through intelligent management of computing power.
It may seem that mining 24/7 (100% uptime) is the best solution, because the more you get, the higher the profit! However, this is not the case at all. High revenue does not mean maximum profit. Note the cost of 1 BTC in 100% uptime mode - $109,361. It’s 60% higher than with 65% uptime.
Uncontrolled electricity costs drastically reduce net profit. With 100% uptime, it would have been only $18.7k, which is 5.5 times less than we actually earned!
So, as we wrap up October, we would like to say the key thing: expectations of an increase in the Bitcoin exchange rate are just expectations of an increase in dollar revenue. But Minto is a BTC-based company. However the market behaves, we stay in Bitcoin and sell it only when our community decides to purchase new mining hardware.
Infrastructure efficiency, strategic approach and capital management discipline ensure growth even during negative market times.
We invite you to follow our own and other hodlers’ accumulation example. Earn and accumulate bitcoins without thinking about how much they cost today. One way or another, tomorrow will come, and they will cost much more!
Stay with Minto to earn as much as possible and sell at the highest price!
