Odaily Planet Daily reports that Matthew Sigel, Head of Digital Assets Research at VanEck, stated that Bitcoin’s global hash rate is nearing its historical high at 1,038 EH/s, with the next halving expected in April 2028. Assuming an electricity cost of $0.08/kWh, constant hash rate, and a three-year depreciation period for mining equipment, a S21 XP miner priced at $3,459 would require an average Bitcoin price of approximately $100,000 from now until the halving to break even. To achieve cash payback by the end of 2028, Bitcoin’s price would need to reach around $116,000. The current BTC price is $77,500.
VanEck Research Head: Bitcoin Needs a $100,000 Average Price for Miners to Break Even
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Summary
Bitcoin breaking news: Matthew Sigel, Head of Digital Asset Research at VanEck, said Bitcoin needs an average price of approximately $100,000 to enable miners to break even. With a hash rate near 1,038 EH/s and the next halving in April 2028, Bitcoin news suggests a $116,000 price target by late 2028 for full cost recovery. The current BTC price is $77,500.
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