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Frequent industry fluctuations: How crypto mining companies cope with challenges
The crypto mining industry in 2025 seems to be completely different from before.
Under the multiple impacts of policies, technologies and markets, crypto mining companies have to accelerate their transformation and seek new survival and growth paths.To this end, crypto mining companies have made various external attempts: by upgrading ASIC hardware to pursue higher computing power efficiency; by reshaping brand and business extension, they transform their identity from “miner” to “digital infrastructure provider” and entering the AI and high-performance computing market; by logging in to the capital market and issuing computing power derivatives to enhance financing capabilities and profit stability; and by signing long-term power purchase agreements (PPA), introducing cooling and operation and maintenance optimization technologies to cope with energy pressure, etc.At the same time, mining pools are constantly innovating in computing power distribution mechanisms, settlement transparency and derivative services to consolidate the user base and cope with increasingly fierce competition.
These transformations have undoubtedly effectively buffered the impact of external risks, but it is difficult to change a fact: the external environment is always full of uncertainty, policies may change overnight, and energy prices and currency prices will fluctuate at any time.At this time, you may be able to turn some of your attention from the outside to the inside and try to tap the growth potential within the company.In particular, by optimizing internal financial and accounting management capabilities and strengthening compliance and transparency, mining companies and mining pools can establish their own moats in a fierce external game, stabilize current operations and lay a solid foundation for winning the long-term trust of the capital market.
Overview of the pain points of mining companies and mining pool accounting management
In reality, most crypto mining companies and mining pools face several difficult problems in the field of internal accounting management, such as:
Profit accounting distortion: The output of computing power is distributed in multiple mining pools and accounts, but the costs of electricity, depreciation, site operation and maintenance are scattered among different entities, making it difficult to match transactions one by one.The result is that the surface profit seems to have increased, but in fact the real gross profit margin and net profit margin are unclear, and corporate decisions lack basis.
Cross-border financial fragmentation: As computing power is moved to North America, Central Asia, Middle East and other places, accounting standards in different jurisdictions are different, and the books are scattered in different subsidiaries.Merging reports is time-consuming and labor-intensive, and it is prone to inconsistent caliber.Once faced with external financing or regulatory random inspections, it is difficult for management to deliver a unified and credible financial answer.
Business and finance split: In the mining pool scenario, the operation system is responsible for recording computing power allocation and user settlement, but the financial system often relies on manual import or Excel processing.Data delays and information asymmetry lead to frequent disconnection between the actual income on the chain and the financial book numbers, which not only affects internal management, but also damages external trust.
Compliance and audit pressure: As tax compliance becomes stricter, companies need to provide a complete and traceable chain of transaction evidence.But in reality, crypto mining companies often lack audit-friendly accounting systems and cannot quickly prove asset attribution and cost basis.Corporate credibility and financing capabilities may be challenged at any time when facing regulatory authorities or capital markets.
Disconnected from management and strategy: Crypto mining companies can easily focus on computing power expansion and energy bargaining, while internal value management is regarded as a “back-office”.This has led to the financial team being exhausted for a long time in reconciliation and statements, unable to settle as strategic support, and it is even more impossible to help companies establish long-term transparency and credibility in the capital market.
Building a compliance moat by optimizing internal accounting management
Faced with violent fluctuations in the external environment, it is still difficult for crypto mining companies and mining pools to truly take the initiative if they rely solely on computing power expansion or business transformation.If crypto mining companies and mining pools want to move forward steadily in the cycle, they can consider establishing a more compliant and sustainable accounting management system. The core of this system is to ensure the authenticity, timeliness and comprehensiveness of accounting data, so that accounting data can truly reflect operational results, and while reducing compliance risks, it also provides management with credible decision-making basis.
first,Profits need to be visualized.Through automated data collection and reconciliation, enterprises can track computing power output and income transactions, and accurately match the costs of electricity, depreciation, operation and maintenance.The gross profit margin and net profit margin presented in this way are no longer based on rough estimates, but verifiable results, providing a solid foundation for the company’s strategic judgment.If the books of different jurisdictions, different entities and different currencies cannot be fully counted, it will be difficult to form a complete financial picture, making it difficult for management to respond to financing, audit and regulatory requirements in a timely and accurate manner.
at the same time,The integration of business and finance is also the key to improving management efficiency.Operational transactions of mining pools, such as computing power allocation, user settlement or capital flow, are often lagging and easily distorted if they rely entirely on manual processing.If these events can be linked in real time with accounting data, it will truly reduce the cost of corporate reconciliation, improve information transparency, and also help win the trust of partners and capital markets.
also,Improved compliance and audit requirements enable companies to provide traceable links of evidence.From original transactions to complete reports, any missing links will bring potential risks.If an audit-friendly accounting system is available, enterprises can better respond to financial information disclosure, tax inspections and due diligence needs in the capital market.Ultimately, through automation and systematization, the financial team can be liberated from tedious tasks such as reconciliation and statements, and focus on creating higher value for the company, thereby realizing the transformation of financial functions from “recordor” to “growth booster”.
