MGT Capital Investments Inc. (MGTI)

[shajandr]

Even on a gross basis per unit (nott considering the SG&A, replacement costs, and other expenses), the breakeven point is over $4000 BTC price.

"Presently, the network requires the computing power of 60 Bitmain S9 miners to mine one Bitcoin per month. On a per unit basis, the Company spends about $65 per miner per month, which is about equal to the current price of $4,000 per BTC."

Plus they're losing Antminers:

"We should note that the Company has suffered modest burnouts and other ordinary damage to 500 miners during the past several months."

https://www.otcmarkets.com/stock/MGTI/news/MGT-Capital-Issues-Yearend-Letter-to-Shareholders?id=215076