A mining company's transformation anniversary report: Computing Power surpasses 50EH/s, with a quarterly net profit of $37 million.

[Block Rhythm] A certain mining company has delivered its report card for the first anniversary of its transformation into Bitcoin mining - Q3 revenue reached $225 million, a direct surge of 60.6% quarter-on-quarter, with operating profit of $43.5 million and net profit of $37.32 million, completely shedding the losses from the same period last year.

Now this company has deployed a computing power of 50 EH/s globally, firmly standing in the first tier of the industry. In the third quarter, a total of 1930.8 Bitcoins were mined, which is an increase of 37.5% compared to the previous quarter, with an average of 21 coins produced per day, and the comprehensive cost of a single Bitcoin is controlled at 99383 USD. They are also continuously upgrading equipment, introducing the T21 and S21 series mining machines, and with the newly acquired 50-megawatt mining farm in Georgia, the efficiency of the computing power has effectively surpassed 90%. In October, the operating computing power even climbed to 46.09 EH/s.

What deserves more attention is the action in the AI computing power sector. This mining company has explicitly stated its intention to create a “green energy-driven global distributed AI computing power network,” planning to utilize their experience in distributed operations and global energy layout to build a standardized GPU computing resource pool, specifically targeting the differentiated needs of small and medium-sized enterprises. Pilot projects for new energy have already been launched in Oman and Indonesia, with actual implementation expected within 1 to 2 years.