2025-12-04 03:20:49

Public Bitcoin mining companies are feeling the heat this quarter. Fresh data shows their average cash operating cost per BTC climbed to around $74,600 in Q2 2025. When you factor in depreciation and other non-cash expenses, we're looking at a total cost base near $137,800 per coin. That's a significant margin squeeze considering current price levels. The gap between mining costs and market price continues to be a critical metric for evaluating miner profitability and sustainability in this cycle.

BTC-0.43%

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ValidatorVibes

· 10h ago

$137.8k per coin tho... that's the kind of cost structure that forces real consensus on who stays in the game. only miners with proper validator-grade infrastructure + governance participation gonna survive this squeeze ngl

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AirdropGrandpa

· 12-06 00:04

This time the miners are really getting squeezed. Who can handle a full cost of $137.8k?

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TooScaredToSell

· 12-05 23:22

The mining cost is so high, it's better to just hold coins directly.

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ruggedSoBadLMAO

· 12-04 03:50

The mining costs are almost catching up with the coin price. Is this business still worth doing?

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NotSatoshi

· 12-04 03:44

Miners are really going to be eating dirt now; the costs are almost catching up to the coin price.

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ContractHunter

· 12-04 03:40

Miners are really being squeezed hard this time, with a cost price of $74,600... And that's not all—if you factor in depreciation, it doubles. Who can handle that?

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ShadowStaker

· 12-04 03:38

$137.8k all-in cost per btc... ngl that's getting spicy. are we actually pricing in the hardware attrition or just doing napkin math here

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GateUser-afe07a92

· 12-04 03:34

The mining costs are almost catching up with the coin price; how are we supposed to keep going like this?

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