Bitcoin’s Falling Price Puts Miners on Edge
As of October 2025, the average cost to mine one Bitcoin in the U.S. ($94,746) exceeds its market price (~$87,900), making most domestic mining unprofitable. Industrial electricity rates lower the breakeven cost somewhat ($86,931), but margins remain narrow. Other countries with similar issues include China and Russia ($88,869 cost to mine), while Canada fares slightly better ($88,003). In contrast, Paraguay offers competitive mining viability with significantly lower costs ($59,650). High electricity prices worldwide force mining companies to diversify, with several U.S. firms pivoting towards AI data centers. Industry leaders emphasize minimizing operational costs and maintaining flexibility through strategic partnerships and infrastructure optimization. Bitcoin's increasing mining difficulty and price stagnation leave many miners at risk, with profitability requiring energy costs well below $0.07 per kWh. Unless Bitcoin’s price rises significantly by the next block reward halving in two years, miners face growing financial pressure and potential operational shutdowns.
