Bitcoin Mining Turns Profitable for the First Time in 280 Days — JPMorgan
Bitcoin has officially reclaimed the average production cost of mining, currently estimated by JPMorgan analysts at approximately $85,000 per coin.
Key Takeaways from the Report:
Longest Loss Period Since 2018: Miners operated at a loss for 280 consecutive days (surpassing the 224-day slump in 2018). Holding above $85k significantly reduces the risk of forced BTC sell-offs by mining firms.
Network Relief: Hashrate has dropped ~19% from recent highs and network difficulty fell ~15%, easing production cost pressures across the board.
The AI Pivot: Mining companies are increasingly repurposing infrastructure and power contracts for artificial intelligence data centers, securing higher-margin, predictable revenue streams.
Macro Floor: Historically, mining production costs serve as a soft price floor for Bitcoin during major market cycles.
Holding firmly above production costs removes significant overhead selling pressure from the market.
#BTC走势分析 #bitcoin #CryptoNews
Bitcoin has officially reclaimed the average production cost of mining, currently estimated by JPMorgan analysts at approximately $85,000 per coin.
Key Takeaways from the Report:
Longest Loss Period Since 2018: Miners operated at a loss for 280 consecutive days (surpassing the 224-day slump in 2018). Holding above $85k significantly reduces the risk of forced BTC sell-offs by mining firms.
Network Relief: Hashrate has dropped ~19% from recent highs and network difficulty fell ~15%, easing production cost pressures across the board.
The AI Pivot: Mining companies are increasingly repurposing infrastructure and power contracts for artificial intelligence data centers, securing higher-margin, predictable revenue streams.
Macro Floor: Historically, mining production costs serve as a soft price floor for Bitcoin during major market cycles.
Holding firmly above production costs removes significant overhead selling pressure from the market.
#BTC走势分析 #bitcoin #CryptoNews