On The Brink with Castle Island cover image

Karim Helmy and Brandon Bailey (Galaxy Digital) on Standardizing Miner Accounting (EP.264)

On The Brink with Castle Island

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How Much Are You Paying for Your Mining Equipment?

The two big considerations that i think about ar are what you're paying for electricity, so your cost of electricity, and then also, you know, what your cathecs look. So i'd probably hone in the most on the direct cost of production. And then another metric that we didn't really talk about in this paper, but i think is is interesting, as where were constantly looking at these things, is kind of ebida minus capex. I think a lot of these metrics will also evolve over time, just as we're seeing the debt and equity capital markets kind of emerge.

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