#MetaplanetBTCPurchase Bitcoin’s rising price is giving miners breathing room

A rise to $70,000 would mark a near 9.4% increase, potentially pressuring less efficient Bitcoin miners as their profit margins shrink.

With Bitcoin trading at around $107,635, most miners still have a sufficient buffer — though the production cost estimates don’t include the depreciating value of the mining rigs and factors in Bitcoin earned from machines that are rented out to clients, among other things.

Keeping fleet costs low is a top priority

With mining production costs on the rise, public companies have been focused on keeping their operations as efficient as possible, particularly when it comes to their fleet hashcost — the cost of computing power to mine Bitcoin — TheMinerMag noted.