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-0.00260809458395337 -0.00226026065107931 -0.00226026065107931 -0.00226026065107931 -0.0001844155760012 -0.00173221058603003 -0.00228413748883106 6.7551053538427E-05
Stock impact report

Energy Shock: How the Strait of Hormuz Crisis Could Reshape Bitcoin Mining Economics [Yahoo! Finance]

Goldman Sachs Group, Inc. (The) (GS) 
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am Check Earnings Report
US:NYSE Investor Relations: goldmansachs.com/investor-relations
Company Research Source: Yahoo! Finance
Brent crude is pushing past $113 a barrel after Trump's ultimatum to Tehran. Energy costs are spiking and miners are directly in the crosshairs. Average production costs are already sitting at $88,000 per BTC against a spot price of roughly $69,200. The math is already bad. An energy shock makes it worse. Electricity accounts for 60-80% of miner operating costs. When oil prices surge, industrial electricity tariffs follow. Every tick higher in energy prices pushes the breakeven threshold further above what the market is actually paying for Bitcoin. Marginal miners are running out of runway. EXPLORE: BTC Price Risk from Oil Spike The Hormuz Premium: Energy Cost Transmission to Mining Economics Call it the Hormuz Premium. Industrial power rates in major mining hubs like Texas run on natural gas, and natural gas tracks oil during supply shocks. Goldman Sachs has raised its Brent forecast to an average of $110, with potential spikes above $147 if shipping lanes stay blocked. Show less Read more
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