Bitcoin mining costs are expected to exceed $70,000 in the second quarter of 2025

According to reports from Wu, TheMinerMag's latest report indicates that Bitcoin mining costs are expected to exceed $70,000 in the second quarter of 2025, an increase of approximately 9.4% compared to the first quarter. This increase in costs is primarily driven by the rise in network hash rate and energy prices. In particular, the energy costs for mining companies like Terawulf have doubled compared to the same period last year.