A Look into Bitcoin Mining Interest Expenses and Indirect Costs PlatoBlockchain Data Intelligence. Vertical Search. Ai.

A Look into Bitcoin Mining Interest Expenses and Indirect Costs

Time Stamp: July 20, 2022 11:32 AM

July 20, 2022, 11:32AM EDT

• 7 min read

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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