German Bitcoin mining company Northern Data: 2022 revenue of approximately 190 million euros, current cost of producing one Bitcoin is about 10,000 euros

ChainCatcher news, German Bitcoin mining company Northern Data introduced its operating performance for 2022 in a shareholder letter. In 2022, the company's revenue came almost entirely from Bitcoin mining, with revenue between 190 million and 194 million euros, and earnings before interest, taxes, depreciation, and amortization (EBITDA) between 40 million and 75 million dollars.

In addition, Northern Data stated that the current cost to produce one Bitcoin is approximately 10,000 euros, and the profit margin remains high. The company is exploring financing options for its mining division. (Source link)