Bitcoin Mining Costs Surge Due to Higher Hashrate and Energy Prices
The median cost of mining a single Bitcoin has surged to over $70,000 in Q2 2025, marking a 9% increase from Q1. This rise is driven by higher network hashrate and energy prices, as reported by TheMinerMag. With Bitcoin trading around $107,635, miners face pressure to maintain profitability.
Key Factors Driving Costs
- Higher network hashrate increases competition.
- Rising energy prices nearly doubled for some miners.
- Less efficient miners see shrinking profit margins.
Strategies for Efficiency
Public mining firms focus on operational efficiency. Terawulf and Bitdeer reported over 25% cost increases due to energy spikes.
Investor Preferences Shift
Investors favor firms diversifying beyond mining. Stocks like IREN and Core Scientific outperformed pure miners.
Future Outlook
Diversification into AI and computing services may stabilize revenues amid volatile costs.
