PANews reported on April 25 that according to the CoinShares report, 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 Bitcoin network's hash rate significantly grew in the fourth quarter, reaching a historical high of 900 EH/s, and is expected to exceed 1 ZH/s by July 2025. Facing intensified competition, many mining companies are strategically transforming towards data center infrastructure and high-performance computing hosting services. Among them, CoreScientific has allocated 43% of its capacity to AI business, while Cipher Mining plans to use 35% of its future capacity for the AI field.
