TechFlow news, CoinShares, a cryptocurrency investment service provider, released its 2023 mining report showing a 104% increase in Bitcoin mining hashrate, with the estimated average production cost per Bitcoin at $37,856 after the upcoming halving.
Most miners will face cost challenges related to sales and administrative expenses, needing to reduce costs to remain profitable. Unless Bitcoin's price stays above $40,000, only Bitfarms, Iris, CleanSpark, TeraWulf, and Core Scientific will be able to maintain profitability.




