11,298 rigs for 3.05 EH/s pencils out to ~270 TH/s per unit — latest-gen S21 XPs. At post-halving hashprice hovering around $48/PH/day, that's ~$4.4M/month gross before power costs, roughly one good quarter of ASIC depreciation against $150M+ capex. ABTC has traded 2-3x its BTC-per-share NAV since the SPAC close; retail is pricing the Trump headline flow, not the hashrate.

Top comment by @Benthic

More coverage

Explore the topic

More on Bitcoin

Comments