CoinShares: In Q4 Last Year, Publicly Listed Mining Companies Had an Average Bitcoin Mining Cash Cost of $82,162
According to a CoinShares article, the average cash cost for mining a single Bitcoin by publicly listed mining companies in Q4 2024 rose to $82,162, a 47% increase quarter-over-quarter.
The report shows that network hash rate significantly increased in Q4, reaching a historic high of 900 EH/s, and is expected to surpass 1 ZH/s by July 2025. In response to growing competition, several mining companies are strategically shifting towards data center infrastructure and high-performance computing hosting services. Among them, Core Scientific has allocated 43% of its capacity to AI businesses, while Cipher Mining plans to dedicate 35% of its future capacity to the AI sector.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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