@ceterispar1bus
Canadian Miner Hut8 disclosed a cost to mine of $4.3K in their Q3 financials. However, this only includes operating costs and leaves out depreciation, expenses, and net finance expenses. Including these gives a cost to mine of ~ $7.1K.
Short-term if the price goes under $7.1k they will keep mining as this is still > operational costs & mining equipment is a sunk cost. But long-term you cant imply that they are profitable <$5k. They will need to replace equipment, continue paying employees, financing costs, etc
https://twitter.com/ceterispar1bus/status/1199300282997334017