After a decline coinciding with the stock market crash, the cryptocurrency has risen again towards its all-time highs.

Despite this, it seems that mining it is no longer profitable, even for some major mining operations. According to data recently published by "CoinShares", the cost of electricity and computing power required to mine Bitcoin often now exceeds the actual value of the currency.

For major mining companies, the cost of mining one Bitcoin is now over $82,000, which is currently valued at around $95,000.

This is still technically profitable, although margins have become extremely tight compared to what they were just a quarter ago. The cost of performing the calculations necessary to mine Bitcoin was about $56,000 in the third quarter of 2024, according to "CoinShares", so this price has jumped by nearly 47% within a few months.