For operating businesses
The contracted hashrate your capital procures, the power it draws, and the BTC it produces against today’s network. Hardware is capex, electricity is opex, Bitcoin produced is a business asset — your accountant determines treatment in your jurisdiction.
Capital you’re deploying
Mandates start at $250,000. Numbers below come from the live operating fleet against today’s network — not a synthetic model.
What you’re contracting
The spread
$46,187
Electricity cost per BTC
Marginal cost only · live network
$95,000
Market price, live
270 TH/s, one day
What a reference 270 TH/s of contracted hashrate produces at today’s network difficulty — the building block your mandate is composed of:
BTC produced
0.000146
BTC / day
Gross revenue
$13.86
USD-equivalent
Electricity
−$6.74
@ $0.065/kWh
Net output
+$7.12
Pre-fee, USD-equivalent
Modelled on a single production unit · 4.32 kW continuous · live network difficulty from mempool.space. This is the marginal production unit — electricity-only cost per BTC, what every miner pays the grid for one bitcoin at today’s difficulty. The mandate’s full break-even price further down adds facility overhead, spare-unit pool, software stack, and projected difficulty growth across the term — that is the curve your specific mandate is judged against.
Bitcoin currently trades at $95,000 while a Montblanc machine produces it for $46,187. That spread is what your mandate captures — widening when Bitcoin rises, narrowing when it falls.
Request briefingDirect with founders. Bespoke terms above $1M. $250K deployment shown above.