Checkonchain's difficulty regression model shows that as of mid-March, Bitcoin's average production cost is approximately $88,000, while the current BTC market price is around $69,000, meaning miners are losing approximately $19,000 per bitcoin produced on average. The report states that Middle East geopolitical conflicts have driven up oil prices and elevated electricity costs, further squeezing miner profit margins. Some listed mining companies have accelerated their transformation toward AI and high-performance computing businesses to seek more stable revenue sources. (CoinDesk)

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