This doesn’t make sense. $40mm / 30 PH is $1,333 per TH. At most the machines cost $100 per TH, likely closer to $80 per TH. So if the energy infrastructure cost $1,250 per TH then at current machine efficiency it takes about 78 years of free operations to get to $0.06/kWh.

I think the $40mm refers to all of what Blockstream has raised using BMN. I don’t think all of it has been invested into this project.