July 20, 2022, 11:32AM EDT
• 7 min read

A Look into Bitcoin Mining Interest Expenses and Indirect Costs

Quick Take

  • 12 public mining companies alone spent about $40 million on interest expenses and $77 million on SG&A costs during Q1’22.
  • The numbers reflect the impact of operational expansion and financial leverage mining firms took over 2021 and earlier this year. 
  • With rising energy prices, mining firms may report even higher direct, indirect and interest costs over Q2’22 for each bitcoin mined.

Join The Block Research for exclusive research like this

Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem.

Already a Research Member? Login Here