Nepal
Version 3.0

Crypto Mining
Financial Model

Year-by-year discounted cash flow analysis with network difficulty adjustment, halving cycles, and Nepal-specific logistics modeling.

? Optimistic vs Base Case:
• BTC price: $100K (vs $70K)
• TAO price: $500 (vs $300)
• BTC growth: +5%/yr (vs 0%)
• TAO growth: +5%/yr (vs 0%)
• Capacity: 20 MW (vs 10 MW)
• Difficulty growth: 30% (vs 40%)
• Utilization: 90% (vs 80%)
• Lower hardware premium & costs

Primary Assumptions

These inputs have the largest impact. Results update live as you adjust.

$0.050 /kWh
50 MW
$70K
$300
5 years
70% BTC
100% TAOBalance100% BTC
25%

Fine-Tuning Variables

These variables change across presets. Adjust individually for custom scenarios.

40% /yr
0% /yr
0% /yr
20%
80%
USD
5% of elec
0.04 TAO
$3,200 USD
$25,000 USD
NPR
3% /yr
USD
8 FTEs
Updates as you adjust inputs
Nepal Revenue (Total)
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Nepal Year 1
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Operator Year 1 Profit
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Total CapEx
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Jobs Created
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Nepal Risk Exposure
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What Nepal Gets

Government Revenue & Economic Impact

Nepal Revenue Over Time

Revenue Composition, Year 1

Mining vs Exporting Electricity to India

Nepal's key alternative: sell the same power to India at ~$0.053/kWh instead of to miners.

Cumulative Cash Flow

This is the operator's problem, not Nepal's (under private license).

CapEx Requirements

Stress Scenarios

What happens to Nepal's guaranteed revenue when things go wrong for the operator?

Breakeven Analysis

Combined BTC Price x TAO Price Sensitivity

Annual total operator profit ($M) at different price combinations. Green = profitable. Find the boundary where the operation works.

BTC Profit by Price Level

TAO Profit by Yield

Year-by-Year Projection

Antminer S21 Pro, 234 TH/s, 3,510W. Next halving approximately 2028.

TAO Year-by-Year Projection

NVIDIA H100 SXM, 700W, PUE 1.3. Dual-use hardware: can repurpose for AI inference workloads.

Nepal Revenue Year-by-Year

Economic and Job Creation

This model is for illustrative and discussion purposes only. It does not constitute financial, investment, or policy advice.
All projections are based on user-provided assumptions and simplified models. Actual outcomes may differ materially.
Nepal Crypto Mining Financial Model v3.0