As reported by MarsBit, data from CryptoRank on December 7, 2025, shows the average cash cost to mine one Bitcoin has risen to $74,600, with full costs including depreciation and stock-based compensation reaching $137,800. With the network hash rate surpassing 1 ZH/s, competition has intensified, pushing profitability down and prompting many listed mining firms to pivot to higher-margin AI/HPC operations. The industry is now splitting into two models: infrastructure providers repurposing mining data centers for high-margin computing, and traditional miners struggling in a near-zero-profit environment.
Bitcoin Mining Costs Surge to $138,000 as Miners Shift to AI/HPC
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