The Minto team would like to congratulate you on ending such a tough and eventful 2024!
We did a great job in overcoming the halving in April, returned profitability to its usual levels in the fall, and in December we drew a striking line in the 2024 marathon, earning $84.6k in net profit.
Trump's rhetoric has pushed bitcoin above $100k, which should be perceived as an advance for the crypto industry. Time will tell what specific steps will be taken towards the crypto community, but in any case, we intend to increase our Treasury, as Marathon Digital does, primarily ensuring project stability and our development potential as a mining company..
In Q1 2025, we expect the arrival and deployment of miners purchased based on the results of VOTE#10. This way, we will multiply the project hashrate, and thus the revenue.
If we encounter a new wave of bitcoin growth (let's say in the second half of 2025), we will not only earn record profits, but in all likelihood we'll be able to switch ACH to 100% uptime, since in December the 65% and 100% uptime figures were almost equal ($22.2k vs $20.2k).
The current rise of bitcoin leads to an accelerated increase in difficulty (109.8T), therefore, while maintaining the flat, mining profitability will gradually decrease. However, Minto has successfully countered this process: we have already responded to the 60% increase in difficulty year-on-year by improving energy efficiency by 45% (28.5 W/TH) and increasing hashrate by 85% (144 PH/s), and have no intention of stopping.
Anyway, we did everything in 2024 to earn the maximum in 2025, as described in detail in the summary article.
Being in great shape and continuing to work hard, we are waiting with great interest to see how the crypto industry will develop in 2025 and what new opportunities will open up before us as we accumulate the funds in our Treasury.
We are grateful to you for your support over the past year and the desire to stay with Minto in 2025, because we have the strength, means and new ideas to reach new heights and share this success with you!
