$BTC Mining Costs Surge Above $70K as Hashrate and Energy Prices Rise


$BTC production costs climbed from $52,000 in Q4 2024 to $64,000 in Q1 2025, with Q2 estimates exceeding $70,000.


TheMinerMag research shows the 9% quarterly increase stems from rising network hashrate and energy price pressures.


Public miners maintained a median fleet hashcost at $34 per petahash per second despite operational challenges.


Terawulf and Bitdeer saw production costs spike over 25% as energy expenses doubled to $0.081 per kilowatt-hour.


Mining stocks diverged based on revenue diversification strategies beyond traditional $BTC operations.


IREN surged 21.4% while Core Scientific, Bit Digital, and Cipher Mining posted double-digit gains through May-June.


Canaan and Bitfarms declined by over 21% as investors favored companies with AI hosting and high-performance computing services.


$BTC trading near $107,635 provides a sufficient buffer for most efficient miners despite rising production expenses.

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June 17, 2025 at 11:11 AM
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