Northern Data demonstrates not only the absence of debt and the prospect of the profitable year ending
Northern Data has shared the outlook for the end of the current year. The report is expected to show no debt and positive revenue of up to $206 million.
Revenue from BTC mining, despite the difficult situation in the crypto-sphere, is no less than the figure for the previous year. Last year, the company significantly expanded its capacity and put into operation new mining equipment.
Representatives of the company note that such results are based on the use of high-tech equipment:
The lack of debt allows the company to increase its share in BTC mining.
As for the profit, according to Northern Data expectations, it will be at the level of up to $80 million. Without counting taxes and depreciation. In the long term, the miner plans to earn at least 500 BTC monthly.
