JPMorgan: Bitcoin Mining Costs Drop to About $77K, Easing Miner Pressure
JPMorgan analysis shows Bitcoin’s estimated production cost has fallen from around $90,000 to roughly $77,000, driven by a recent drop in mining difficulty and a decline in network hashrate. The bank attributes the change to lower effective effort required to find blocks, which reduces the electricity and hardware cost allocated per BTC mined.
That fall in break-even cost eases immediate financial pressure on miners by improving margins and potentially lowering forced coin sales, which can help stabilize miner behavior. Still, JPMorgan notes this development doesn’t guarantee broader market upside — outcomes will depend on spot BTC price, regional energy costs, and hardware efficiency — but it does give miners more breathing room in the near term.