Part 4/17:
Business Viability and Industry Dynamics
For companies like Upstream Data—specialized in off-grid Bitcoin infrastructure—the question often arises: "Do we make money at current hash prices?" The answer, based on current conditions, is generally affirmative. Their business model revolves around selling mining equipment, building custom off-grid power solutions, and sometimes, self-mining. As one executive notes, "We sell equipment to oil fields, build power plants, and self-mine, but our core strength is infrastructure—building micro power plants that utilize surplus energy."