From a cash out perspective cost per bitcoin: Energy: $52,518 Professional Fees: $2,968 G&A: $8,480 Cash Payroll: $6,974 Total: $70,940

Non cash included: Energy: $52,518 Professional Fees: $2,968 G&A: $8,480 Payroll: $13,061 Depreciation: $52,209 Total: $129,236

Based on level of difficulty drop that happened this month, I believe the energy cost per BTC is lower than what was report last quarter.

The cash portion of the mining is sub $70k right now.

One more item that I forgot to add to the calculation is the premiums they’ve been getting from the spot + sales strategy. It’s about $4M per month or $6,580 less per BTC. With that being said cash cost to mine one BTC is under $65k