Prairie Operating Co (PROP)

[leifsmith]

Fixed price energy cost to Creek Road

From today's letter from management: https://www.businesswire.com/news/home/20220609005431/en/

The cost factor at the Meeker facility is very desirable and will allow the Company to operate at a favorable cost basis by paying a fixed price of approximately $.0455/kWh.

Given the increasing cost of energy worldwide, the opportunity for fixed-and low-price energy production provide Creek Road with a significant cost advantage in conducting it mining Bitcoin operations. Even at current prices (approx. $29,000 per Bitcoin), Creek Road’s mining operations are currently projected to generate a gross profit.

How Is Gross Profit Different From Net Profit?

Two critical profitability metrics for any company include gross profit and net income. Gross profit represents the income or profit remaining after the production costs have been subtracted from revenue. Revenue is the amount of income generated from the sale of a company's goods and services. Gross profit helps investors to determine how much profit a company earns from the production and sale of its goods and services. Gross profit is sometimes referred to as gross income.

On the other hand, net income is the profit that remains after all expenses and costs have been subtracted from revenue. Net income or net profit helps investors determine a company's overall profitability, which reflects on how effectively a company has been managed.

https://www.investopedia.com/ask/answers/101314/what-are-differences-between-gross-profit-and-net-income.asp