According to Coindesk, a financial services company, Canaccord Genuity's latest research report shows that Bitcoin mining is expected to continue to be profitable in 2025, with the mining cost of major mining companies ranging from about $26,000 to $28,000 per Bitcoin. The current Bitcoin trading price is about $105,000. The report also points out that the large-scale power supply of mining companies is increasingly attracting attention from artificial intelligence data center hosting businesses. In addition, several large publicly listed mining companies are upgrading their mining equipment after the halving event in April last year, thereby enhancing their competitive position and network computing power share.