$BTC Cost To Mine 1 Bitcoin Hits $137,800, The Mining Industry At A Critical Crossroads

A harsh reality is unfolding in the crypto mining industry. The cost to produce a single Bitcoin is more expensive than ever. The average cash cost to mine 1 BTC is $74,600. However, when including depreciation and stock based compensation, the Total Cost has surged to $137,800.

🔸 Network hashrate has surpassed the symbolic milestone of 1 ZH/s. This fierce competition has strangled the margins of pureplay miners.

🔸 To survive, the industry is splitting into two distinct models. The Pivoters repurposing existing data center infrastructure for AI and High Performance Computing, where margins are significantly juicier. The Traditionalists remaining loyal to Bitcoin but accepting operations in a hyper competitive environment with near zero margins.

🔸 Mining stocks are no longer just a proxy for BTC price; they now depend on the company ability to pivot to AI.

When investing in Miner stocks, do you choose those Absolutely loyal to BTC or those Smart enough to pivot to AI?

News is for reference, not investment advice. Please read carefully before making a decision.