$BTC

⚡ The price of Bitcoin surged by 2.55% today, Friday, May 2, 2025, reaching $97,217⚡🔥

* With the recovery of cryptocurrencies approaching their all-time highs, after a period of decline coinciding with the stock market crash, it seems that mining activity is no longer as profitable as it once was, even for the largest mining companies.

* According to recent data published by CoinShares, the cost of electricity and computational power needed to mine one Bitcoin is often higher than its current market value.

* The figures indicate that major mining companies currently spend over $82,000 to mine one Bitcoin, while its market value is around $95,000.

* Although this process still generates profits, the profit margin has significantly decreased compared to what it was just three months ago.

* Data shows that the computational costs required to mine Bitcoin reached about $56,000 in the third quarter of 2024, meaning this cost has jumped by nearly 47% in a short period of time.

* For smaller-scale miners, the situation is even more challenging, as the cost of mining one Bitcoin in the United States for medium and small companies is estimated at around $137,000.