Bitcoin profitability in the Nordics rebounds as weather turns milder
December 9, 2023 Comments Off
Bitcoin mining profitability rates rebounded in the Nordic countries as the weather turned milder, resulting in bearish day-ahead power prices, S&P Global Commodity Insights Renewable Bitcoin Quarq Spread Index data showed. The Norway NO4 region saw bitcoin mining profitability flip to in-the-money of Eur24.48/MWh Dec. 7 from Eur31.96/MWh out-of-the-money Dec. 6, while Sweden SE1 saw a rebound to only Eur2.53/MWh…
Bitcoin profitability in the Nordics rebounds as weather turns milder
Bitcoin mining profitability rates rebounded in the Nordic countries as the weather turned milder, resulting in bearish day-ahead power prices, S&P Global Commodity Insights Renewable Bitcoin Quarq Spread Index data showed. The Norway NO4 region saw bitcoin mining profitability flip to in-the-money of Eur24.48/MWh Dec. 7 from Eur31.96/MWh out-of-the-money Dec. 6, while Sweden SE1 saw a rebound to only Eur2.53/MWh…
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