3 December 2025

Bitcoin mining is getting pricier
According to the latest CoinShares report, the average cost to mine 1 BTC for public miners in Q2 2025 climbed to 74,600.
But if you include non-cash expenses depreciation and stock-based compensation the total average cost jumps to 137,800 per BTC.
Rising costs highlight growing pressure on miners as profitability tightens, especially with BTC consolidating and competition increasing.