Bear Market For Mining Equities | Anthony Power | The Mining Pod
The Mining Pod | Blockspace Media
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Is 20% Gross Margin Really Good?
A 20% margin which is the margin saying Argo has currently and of course my hands are all over the place but in traditional businesses that are more mature, 20% margin is pretty good right? It's fascinating. So as I said before, direct costs is predominantly the energy cost and then it'll have some key staffing costs in there, maybe some of the guys who are physically maintaining the rigs. Some of those costs might be in that direct cost but there is a significant amount of cost outside of that. If they're mining 5 million in Bitcoin a month, they've got a million to pay the rest of the order and we know that their interest and capital repayments are close to
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