Bitcoin Mining Becomes More Expensive

🔵The average operational cost of mining Bitcoin for the largest Western mining companies rose by 47% in the fourth quarter of 2024, reaching $82,162 per coin. Meanwhile, the total production cost, including depreciation and stock-based payments, exceeded $137,000. Cost increases are driven by the growing network hashrate and new U.S. trade tariffs introduced by President Donald Trump. Miners using outdated equipment are particularly vulnerable.

🔵Despite rising expenses and macroeconomic challenges, CoinShares analysts remain optimistic: Bitcoin’s network hashrate could reach 1,280 Eh/s by the end of 2025 and 2,000 Eh/s by 2027. A further catalyst for cryptocurrency price growth could be a weakening U.S. dollar amid an increasingly adaptive fiscal policy.