Experts say that Bitcoin’s massive price surge—interrupted, for the moment, by a deep dip—has paved a safe path forward for Bitcoin mining companies post-halving.

Back in January, Cantor Fitzgerald estimated the average “all-in” cost to mine one coin for several publicly traded Bitcoin mining firms after the halving in April, which will cut miner revenues in half in BTC terms. Bitcoin traded for $40,000 at the time, leaving just two of 13 firms in the profit zone.

At today’s price of $67,000, however, every firm analyzed—including Marathon Digital (MARA), Riot Platforms (RIOT), and Iris Energy (IREN)—would be firmly in the green.

On January 26, 2024, @cantorfitzgerld released their analysis of the ‘All-in’ cost to mine a #BTC.

The price of #BTC today in excess of $67,000 suggests that all these miners in the table below will be profitable, post halving in April, if the #BTC price holds its current… pic.twitter.com/r6NtrSOas0

— Anthony P⭕️wer (@cazenove_uk) March 15, 2024

Go to Source to See Full Article
Author: Andrew Throuvalas

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details