Bitcoin mining profitability in the Nordics flip to negative Nov. 21
November 23, 2023 Comments Off
Bitcoin mining profitability rates plunge in Finland as the 1.6-GW Olkiluoto 3 (OL3) nuclear power plant had an automatic shutdown Nov. 19 causing the Finnish spot power price to spike, S&P Global Commodity Insights Renewable Bitcoin Quarq Spreads data showed. The outage resulted in the baseload day-ahead price in Finland to settle at Eur287.87/MWh ($315/MWh) for Nov. 21, the highest…
Bitcoin mining profitability in the Nordics flip to negative Nov. 21
Bitcoin mining profitability rates plunge in Finland as the 1.6-GW Olkiluoto 3 (OL3) nuclear power plant had an automatic shutdown Nov. 19 causing the Finnish spot power price to spike, S&P Global Commodity Insights Renewable Bitcoin Quarq Spreads data showed. The outage resulted in the baseload day-ahead price in Finland to settle at Eur287.87/MWh ($315/MWh) for Nov. 21, the highest…
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