TechFlow news, April 25 — According to a CoinShares report, the average cash cost for publicly listed mining companies to mine one bitcoin rose to $82,162 in Q4 2024, up 47% quarter-on-quarter.
The report shows that network hashrate significantly increased during the quarter, reaching a record high of 900 EH/s, and is projected to surpass 1 ZH/s by July 2025. Amid intensifying competition, several mining firms are strategically transitioning toward data center infrastructure and high-performance computing hosting services. For instance, Core Scientific has allocated 43% of its capacity to AI operations, while Cipher Mining plans to dedicate 35% of its future capacity to artificial intelligence.
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