Quick Take12 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.
SEC Hosts First-Ever Crypto Roundtable Today
