CoinShares: average cash cost of BTC mining rises to $75,500
- —Average cash cost of BTC mining was $75,500 versus a price of $58,400 at the end of the quarter
- —Hash price fell to a record low of $27.7/PH/s per day
- —Cost by company: ABTC $45,361, RIOT $74,911, MARA $85,893
- —Core Scientific paid $41.9 million to cancel an equipment order for 15 EH/s
Why it matters: Miners are operating below break-even, leading to capacity cuts and pressure on BTC supply.
Source: Koin Bülteni