BlockBeats News, March 26 — According to The Block, digital asset management firm CoinShares released a report indicating that Bitcoin miners are facing ongoing breakeven pressures while accelerating their transition to AI. CoinShares Research Director James Butterfill noted that by Q4 2025, the weighted average cash cost for mining a Bitcoin will rise to approximately $79,995. The hash rate price, which has fallen from $36–$38 per PH/s/day, further declined to about $28–$30 in Q1 2026, suggesting miners still face significant pressure. The report also highlighted that the difficulty adjustment at the end of 2025 was the first three consecutive negative adjustment since July 2022. The total Bitcoin holdings of publicly listed miners have decreased by over 15,000 coins from their peak, with Core Scientific, Bitdeer, and Riot all selling. MARA announced separately on Thursday that it sold an additional 15,133 Bitcoins.
Price Outlook: Butterfill stated that a Bitcoin price rebound to $100,000 “is not unrealistic,” at which point the hash rate price could rise to about $37 per PH/s/day; if it reaches the previous high near $126,000, it could reach approximately $59. If Bitcoin remains below $80,000 in the long term, the hash rate price will continue to decline as difficulty increases, but the exit of unprofitable capacity may lead to stable returns.
AI Transition: Butterfill expects that publicly listed miners are rapidly accelerating their shift toward artificial intelligence and high-performance computing, driven mainly by higher and more stable returns in these fields compared to Bitcoin mining. By the end of this year, revenue from AI is projected to increase from about 30% to as high as 70%.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Former UK PM Liz Truss Publicly Endorses Bitcoin as Tool Against Currency Debasement
Former UK Prime Minister Liz Truss criticized Britain's economic trajectory, citing high taxes and regulations. She advocates for Bitcoin to combat currency debasement and is organizing a conference to promote a movement for sovereignty and freedom.
GateNews1h ago
BTC breaks below 76000 USDT
Gate News bot message, Gate market data shows that BTC has broken below 76000 USDT, current price is 75996.9 USDT.
CryptoRadar2h ago
Goldman Sachs Files Bitcoin Income ETF Using Options Strategy
Goldman Sachs proposed a Bitcoin-focused income ETF that avoids direct Bitcoin holdings, using linked ETFs and options strategies for income. This filing reflects increased competition in the crypto investment space among major firms.
CryptoFrontNews3h ago
Bitcoin ETFs Record $663.9M Inflows, Strongest Day Since Mid-January
Bitcoin ETFs saw $663.9 million in inflows on April 18, indicating renewed institutional confidence and a shift in market sentiment. This trend suggests sustained interest in Bitcoin as investors seek to diversify their portfolios.
GateNews4h ago
Bitcoin Ownership Surpasses Gold Among Americans for the First Time
More Americans now own Bitcoin than gold, highlighting a significant shift in asset preferences as Bitcoin's popularity surges. U.S. entities dominate global Bitcoin holdings, and institutional adoption is accelerating, with major firms entering the market and legislation potentially enhancing Bitcoin's legal status.
GateNews4h ago
Bitcoin Price Outlook Shifts as Iran Toll Demand Revives $1M Target Talk
Iran Bitcoin toll revives debate on crypto as global payment infrastructure
Geopolitical tensions push Bitcoin beyond store-of-value into currency role
Institutional adoption and flows strengthen long-term million-dollar Bitcoin narratives
Bitcoin price outlook has shifted again after fr
CryptoNewsLand5h ago
