Mining economics
Compare how BTC price, network difficulty and energy costs change your break-even point and monthly cash flow.
Bitcoin risk & derivatives consulting
Clarity in
volatility.
Bitcoin mining risk analysis, treasury consulting and financing readiness. We help your team understand exposure, compare hedging scenarios and plan around uncertain cash flows.
Book a strategy callBuilt for businesses exposed to Bitcoin
- Mining operators
- BTC treasuries
- Borrowers preparing for financing
01 / Expertise
Put numbers
to risk.
We model how Bitcoin prices, operating costs and financing terms affect cash flow, so operators, boards and lenders can see where the exposure sits.
Treasury exposure
Map the balance sheet’s BTC exposure. Compare what illustrative hedges could mean for liquidity, downside and upside.
Lender readiness
Document BTC exposure, stress-test cash flows and show lenders the assumptions behind the model.
02 / Scenario lab
When Bitcoin moves.
Set a Bitcoin price and see what a fictional miner has left after paying its operating costs. Compare selling at the market price with locking in a price for half of its production.
Illustrative monthly cash flow
A fictional miner produces 40 BTC per month and pays $2.4 million in operating costs. The forward scenario fixes the sale price of 20 BTC at $75,000 each and sells the remaining 20 BTC at spot.
| BTC spot price | Sell all BTC at spot | 50% fixed forward |
|---|---|---|
| $50,000 | −$400,000 | $100,000 |
| $75,000 | $600,000 | $600,000 |
| $100,000 | $1,600,000 | $1,100,000 |
Illustrative only. The model excludes fees, collateral requirements, taxes and counterparty risk.
Understand the calculation in our Bitcoin mining break-even guide.
03 / The firm
Independent
by design.
DCIXX Capital is a Dubai-based derivatives consultancy. We combine scenario modelling and derivatives structuring with practical guidance your team can use.
Your team retains custody and executes through its own counterparties. Our role is analysis, strategy design and review.
Meet DCIXX Capital- 01
Diagnose
Map your exposure, cost base and liquidity needs. Identify the scenarios that matter most.
- 02
Design
Compare hedge structures, explain the trade-offs and document the assumptions and controls.
- 03
Review
Revisit the framework as markets and operating conditions change, using the data your team already tracks.
Led by Jaïr Janssen, Founder & Co-Owner
Working together
Before we start.
How long does an engagement take?
A typical diagnostic and strategy engagement takes two to four weeks, depending on the complexity of your exposure and the data available. Ongoing review can be monthly or quarterly.
Who executes the hedge?
Your team executes through its own counterparties and retains custody. DCIXX Capital provides analysis, structuring support and review.
How do you use quantitative models?
We use scenario modelling, including AI-assisted analysis where useful, to compare exposures and stress-test the alternatives. The assumptions and trade-offs are reviewed by people.
Field notes / The mining guide
Understand your mining
break-even price.
04 / Contact
Let’s talk about
your exposure.
Tell us what you’re working through. We’ll discuss your exposure, what you want to protect and where analysis could help.