According to a ChainCatcher report citing a CoinShares article, the average bitcoin mining cash cost for listed mining companies in the fourth quarter of 2024 rose to $82,162, a quarter-on-quarter increase of 47%.
The report shows that network hash rate significantly grew in the fourth quarter, reaching a historical high of 900 EH/s, with an expected breakthrough to 1 ZH/s in July 2025. Facing intensified competition, many mining companies are strategically transforming towards data center infrastructure and high-performance computing hosting services. Among them, Core Scientific has allocated 43% of its capacity to AI business, while Cipher Mining plans to dedicate 35% of its future capacity to the AI field.
