A Look into Bitcoin Mining Interest Expenses and Indirect Costs
Quick Take
- 12 public mining companies alone spent about $40 million on interest expenses and $77 million on SG&A costs during Q1’22.
- The numbers reflect the impact of operational expansion and financial leverage mining firms took over 2021 and earlier this year.
- With rising energy prices, mining firms may report even higher direct, indirect and interest costs over Q2’22 for each bitcoin mined.
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Author: Wolfie Zhao
