💥Bitcoin Mining: Institutions Drive Investments Amid Favorable Climate in the U.S.💥
Institutional investors are ushering in a new era in Bitcoin mining, capitalizing on favorable U.S. regulations and the diversification of infrastructure towards AI.
The Bitcoin Mining Sector
BTC 85,100 € has never been so attractive for institutional investors. Fintech giants are investing in Bitcoin mining rather than just accumulating the asset, all thanks to the favorable regulatory environment in the United States and the profit margin of BTC.
Numerous companies are diversifying by allocating computing power to AI, further strengthening their economy and thus their investment appeal. For now, it seems that the future of the foundational layer of the Bitcoin network could herald a new era of mining.
Is Bitcoin Mining Profitable?
Bitcoin mining remains profitable. CoinShares, a digital asset investment firm, shared that the average cost of mining 1 BTC for miners listed in the United States reached $55,950 in the third quarter of 2024. Two other popular models—one from MacroMicro and another called Glassnode Difficulty Regression Model—offer different estimates.
On the same day, February 20th, data from MacroMicro.me shows that the average cost of producing 1 BTC is above $92,000; the Glassnode Difficulty Regression Model estimates that the cost of mining a single BTC is approximately $34,400, while the price of the cryptocurrency reached $98,300 that day.
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