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When building a Bitcoin mining farm, there are a multitude of ways to achieve the final goal of cost-effective hash rate. Most of the common ways we see internationally are highly inefficient by prioritizing automation too early and not focusing on creating a stable hosting environment. This is an overview of the costs of our main location in relation to the full cash flow and investments of the project from its launch in May 2023 until April 28th, 2025.
Cash flow – what was available
With Infinity Hash, cash flow has to be divided by IHS sales and reinvestment cash flow hitting the public reinvest wallet.
| Position | Amount |
|---|---|
| IHS sales | $3,661,664 |
| Reinvestment | $428,633 |
| Total | $4,090,297 |
Infrastructure costs – building a farm
Building infrastructure is hard and costly. You don’t merely sum up hardware costs, you also have to account for raw materials, work time (wages) as well as maintenance and repairs of existing infrastructure. Here is a rough list of bigger infrastructure pieces at our farm (existing storage containers are not counted here for now).
| Equipment | Number | Total Costs |
|---|---|---|
| 20′ mining containers | 11 | $506,000 |
| Container foundations | 11 | $16,500 |
| Small mining containers | 1 | $15,000 |
| Living containers | 2 | $31,000 |
| Living container foundations | 2 | $2000 |
| Storage containers | 4 | $20,000 |
| Transformers | 8 | $200,000 |
| Transformer foundations | 8 | $6000 |
| Soil compaction, gravel | Whole farm | $5000 |
| Gate & fences | Whole farm | $2500 |
| Extra security cameras | 8 mounts / towers | $5200 |
| Cables (electric & networking), spare parts (smart PDUs, extra cables, fans, etc.), repairs equipment (small machinery), switches, routers, satellite uplink, extra internet lines. Mainly stored in storage containers. | $30,000 | |
| Big fans + automation controls + electrics + welding costs and materials (mostly via reinvest) | $22,500 | |
| Total | $861,700 |
Mining containers also include costs like welding, smart PDUs (24 miners / PSU), materials for racks and heat zones, electric wiring setup, circuit breakers, extra ventilation, temperature monitoring, weather shields (for rain, hail, and snow), dust filters and a few other smaller positions.
Make sure to check our Weekly Updates page and our gallery for more (picture and video!) insights into the actual equipment we build up.
Gallery
Weekly Updates
Maintenance and repairs – keeping it running
From the 1st of January 2025, we started tracking infrastructure repairs via the reinvestment wallet for added transparency. Below, you also find infrastructure repairs for the full-time frame before.
| Position | Amount |
|---|---|
| Miner repairs from reinvest | $30,610 |
| Infrastructure repairs from reinvest | $10,460 |
| Infrastructure repairs from sales | $14,100 |
| Total | $55,170 |
On a percentage basis per miner purchasing cost, the miner repairs are extremely low, which is thanks to us mainly choosing Whatsminer models by MicroBT. Especially the M50 and M60 models allow for easy and cost-efficient repairs, and we are extremely pleased with their low failure rate, high-quality and long-term durability, regardless of weather conditions and temperature.
Bitcoin mining ASICs and summary
Over the past 700+ days of operation, we collected an assortment of different miners. Below is a rough overview, including the current miner status.
| Model | Sold | Active / Stored |
|---|---|---|
| M60S++ | 0 | 2 |
| M60S | 0 | 36 |
| M60 | 0 | 44 |
| M53 (hydro) | 0 | 1 (stored) |
| M50S++ | 0 | 22 |
| M50S | 0 | 300 |
| M50 | 0 | 454 |
| T21 | 12 | 0 |
| S19 | 0 | 109 |
| Total | 12 | 968 |
Because the 12 T21 models have been sold and replaced by M60S models with nearly no price difference, we won’t count the 12 T21s as a purchase. Therefore, the total number of purchased miners is at 968. You can check the exact ASIC models and their status via the pool watcher link below on the page below (also contains our public wallets), as well as in our transparency reports.
Pool and wallet links
Transparency Reports
Let’s summarize all listed positions and calculate the average cost per miner and TH/s:
| Position | Amount |
|---|---|
| IHS sales | $3,661,664 |
| Reinvestment | $428,633 |
| Infrastructure costs | – $861,700 |
| Maintenance and repairs | – $55,170 |
| Total left | $3,173,427 |
| Total miners bought | 968 |
| Total hash rate | 125,900 TH/s |
| Cost per miner | $3278 |
| Cost per TH/s | $25.21 |
In summary, these extremely low prices per TH/s show, that it is possible to build highly cost-effective Bitcoin mining operations using a containerized setup, combined with low electricity prices. Compared to publicly listed Bitcoin mining companies, $25.21 per TH/s is extremely low, achieving second place the next company for which public data is available being RIOT (Riot Platforms, Inc.), clocking in at $39.84.
We hope you found this overview helpful and will continue to make bigger overview articles in line with our commitment to project transparency and our community.