With the cost of mining 1 BTC around $6,200 for some, large Bitcoin mining companies see opportunities in the downturn because as other miners leave, the landscape becomes more profitable for those who stay the distance.
to generate 3.9 exahashes of hash power. MARA is down 15.42% and is trading at $9.97 in after hours trading. It is down 92.6% from its Dec. 2014 high of $134.72.
Cointelegraph also received responses from Riot Blockchain CEO Jason Les, another large mining company. It currently holds the eighth-most BTC among public companies according to Bitcoin Treasuries. It controls 3.9 EH/s of hash power as of March 4 but did not disclose its cost per coin mined. “Riot’s miner deployment plans are not impacted by volatility in Bitcoin, we are focused on building a sustainable business that operates in array Bitcoin market conditions.”
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