#BTC Trend Analysis
In the fourth quarter of 2024, the average cash cost of mining a single Bitcoin for listed mining companies rose to $82,162, an increase of 47% quarter-over-quarter.
The network's hash rate saw significant growth in the fourth quarter, reaching a historic high of 900 EH/s, and is expected to surpass 1 ZH/s by July 2025.
In the face of increasing competition, several mining companies are strategically transitioning to data center infrastructure and high-performance computing hosting services. Among them, Core Scientific has allocated 43% of its capacity to artificial intelligence, while Cipher Mining plans to dedicate 35% of its future capacity to the AI sector.
