Codelco retains 100% of profits: will the copper crisis spark mining?
Codelco, Chile’s largest copper producer, announced that it will retain 100% of its profits in 2025. Far from being a mere financial figure, this move signals a structural crisis that is already affecting industry productivity. If copper becomes more expensive, the energy cost that powers the BTC and ETH mining rigs will skyrocket, reducing miners’ profitability. In a world where mining consumes 10% of global electricity, is Chile ready to see how copper prices inflate the costs of the crypto supply chain?
#Codelco #Cobre #CriptoMinado #Chile #Energy
This is not financial advice. Verify before investing.
Codelco, Chile’s largest copper producer, announced that it will retain 100% of its profits in 2025. Far from being a mere financial figure, this move signals a structural crisis that is already affecting industry productivity. If copper becomes more expensive, the energy cost that powers the BTC and ETH mining rigs will skyrocket, reducing miners’ profitability. In a world where mining consumes 10% of global electricity, is Chile ready to see how copper prices inflate the costs of the crypto supply chain?
#Codelco #Cobre #CriptoMinado #Chile #Energy
This is not financial advice. Verify before investing.
