Is the mining of $BTC profitable in 2025?

According to Espacio Cripto, Bitcoin mining remains a profitable business, but only for those with access to cheap energy and efficient equipment. Canaccord Genuity stated that the economics of Bitcoin mining are stable and are expected to remain profitable in 2025, with a mining cost of between $26,000 and $28,000 per Bitcoin for major operators. Binance claims that cryptocurrency mining remains profitable in 2025, as long as miners are willing to make an effort and adapt.