According to ChainCatcher news and a CoinShares article, the average cash cost of mining a single Bitcoin for listed mining companies in the fourth quarter of 2024 has risen to $82,162, an increase of 47% month-on-month.
The report shows that the network computing power significantly rose in the fourth quarter, reaching a historical high of 900 EH/s, and is expected to surpass 1 ZH/s by July 2025. In the face of intensifying competition, several mining companies are strategically transforming towards data center infrastructure and high-performance computing hosting services. Among them, Core Scientific has allocated 43% of its capacity to artificial intelligence business, while Cipher Mining plans to use 35% of its future capacity for the field of artificial intelligence.
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