With the current Bitcoin price approximately $90,000, miners are enjoying a positive margin of about $8,000 per mined coin against an average mining cost of $82,400 per BTC. This marks the highest profitability level in the past six months.
Contributing factors to increased marginal profits include reduced energy costs and equipment upgrades. These improvements lead some mining companies to consider expanding operations and investing in new technologies.
While sustained margins may attract new entrants to the mining market, the increasing network difficulty could eventually reduce profitability for existing participants.
