CoinShares: Bitcoin miners fall below breakeven for the first time
- —BTC mining cost is $75,500 versus a market price of $58,000, a 29% gap
- —Hashprice fell to $27.7 per PH/s per day from $63 at the July 2025 peak
- —The transaction fee share has held near 1% for three months
- —Network hashrate has declined by about 27% from last October's peak
Why it matters: Pressure on miner margins is accelerating their shift toward AI infrastructure, which could weaken Bitcoin hashrate growth.
Source: BitNovosti