as reported by CoinShares, the average mining cash cost of a single Bitcoin listed on the market in the fourth quarter of 2024 rose to $82,162, an increase of 47% compared to the previous quarter.

The report shows that network hash rate saw a significant increase in the fourth quarter, reaching a historical high of 900 EH/s, and is expected to exceed 1 ZH/s in July 2025. Faced with intensified competition, many mining companies are strategically transitioning to data center infrastructure and high-performance computing hosting services. Among them, Core Scientific has allocated 43% of its capacity to artificial intelligence business, while Cipher Mining plans to use 35% of its future capacity in the field of artificial intelligence.