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Bitcoin mining full cost soars to $138,000, mining companies shifting to AI/HPC business on a large scale
Summary: According to CryptoRank, the latest data shows that the average cash cost for mining companies to mine 1 Bitcoin has risen to $74,600, with the full cost reaching $137,800 when depreciation and stock-based compensation (SBC) are included. With the network's total hash rate surpassing the symbolic milestone of 1 ZH/s, competition has significantly intensified, leading ...
According to CryptoRank, the latest data shows that the average cash cost for mining companies to mine 1 Bitcoin has risen to $74,600, with the full cost reaching $137,800 when depreciation and stock-based compensation (SBC) are included.
With the network's total hash rate surpassing the symbolic milestone of 1 ZH/s, competition has significantly intensified, leading to a sharp decline in miners' profitability. This trend is prompting many publicly listed mining companies to shift their production capacity to AI/HPC (high-performance computing) and other higher-profit businesses, rather than continuing to invest in traditional Bitcoin mining. The industry is thus dividing into two major models:
• Infrastructure providers: repositioning mining data centers for high-profit computing businesses• Traditional miners: struggling to survive in a highly competitive, near-zero-profit environment
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Link: Bitcoin mining full cost soars to $138,000, mining companies shifting to AI/HPC business on a large scale [Copy]
