As reported by Coinomedia, Bitcoin mining costs in Q2 2025 averaged $74,600 in cash expenses per BTC, with total costs—including non-cash items like depreciation—reaching $137,800. The rise follows the April 2024 halving and is driven by higher energy prices, reduced block rewards, and infrastructure costs. Publicly listed miners are particularly affected, with some potentially operating at a loss as costs exceed Bitcoin’s market price.
Bitcoin Mining Costs Reach $137K per BTC in Q2 2025
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