November 19, 2024 by Cormint

RANKED 1ST (again) BY COINSHARES

The Coinshares team has recently refreshed their benchmarking of Bitcoin Miners. Once again Cormint came out 1st on Hashcost. Despite being a fraction of the size of our largest competitors, the team continues to deliver industry leading performance as it realizes its ambition to be the lowest cost producer of Bitcoin in North America.

With 3 EH/s and 115MW already energized, the team will imminently energize its final expansion at its flagship site in Fort Stockton to make full use of its 130MW interconnection. The company is actively developing its pipeline beyond Fort Stockton with the goal of having 500 MW under management by 2026 while strengthening its competitive advantage on both cost-to-deploy and cost-to-operate.

We continue to expect to materially outperform a passive investment into Bitcoin through the cycle.

https://blog.coinshares.com/coinshares-q3-mining-report-23a06177291a

Please note that this press release is for informational purposes only and it does not represent an offer to sell or the solicitation of an offer to buy any of Cormint’s securities.

This press release contains a number of forward-looking statements. Words such as “expect,” “will,” “working,” “plan” and variations of such words and similar future or conditional expressions are intended to identify forward-looking statements. These forward-looking statements reflect Cormint’s current views with respect to, among other things, future events. These forward-looking statements are not guarantees of future results and are subject to a number of risks and uncertainties, many of which are difficult to predict and beyond Cormint’s control. Important factors that may cause actual results to differ materially from those in the forward-looking statements include, but are not limited to Cormint’s ability to deliver and execute on its strategic plans; Cormint’s ability to maintain free cash flows and increase its operating margins and other risks related to Bitcoin mining.