After factoring in energy and hosting costs, the breakeven rate on bitcoin for Marathon Digital Holdings Inc is roughly US$6,500 (RM27,141), according to Fred Thiel, the Las Vegas-based company’s chief executive officer.
NEW YORK: Bitcoin has a long way to drop before mining the digital token becomes unprofitable for North America’s largest crypto mining company.
After factoring in energy and hosting costs, the breakeven rate on bitcoin for Marathon Digital Holdings Inc is roughly US$6,500 (RM27,141), according to Fred Thiel, the Las Vegas-based company’s chief executive officer.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
