Bitcoin mining continues to rise in price, and the largest mining companies have faced increasing costs. According to a CoinShares study, in the fourth quarter of 2024, the average cost of producing one bitcoin was $82,162, which is 47% higher than the previous quarter ($55,950). The main expenses for market players are operational costs, reflecting actual cash flows, including electricity and equipment maintenance. The total cost, accounting for items such as depreciation and stock payments, reached $137,018.
Moreover, the tariffs imposed by the U.S. may accelerate cost growth, especially for the companies surveyed with outdated equipment. Despite challenging macroeconomic conditions, CoinShares analysts are confident in the stable growth of hash rate and expect it to reach 2,000 Eh/s by 2025. Inflationary trends and business diversification also contribute to the long-term prospects of bitcoin mining.$BTC $BNB $ETH
