BITCOIN MINING NEARLY UNPROFITABLE ON AVERAGE

Summary from the TLDR Crypto newsletter

Bitcoin mining has become nearly unprofitable, with major public miners spending over $82,000 per BTC and smaller U.S. operations over $137,000—well above Bitcoin's current market price. In high-cost regions like Germany, the cost climbs to nearly $200,000 per coin. To adapt, large mining farms are deploying energy-efficient rigs and leasing excess computing capacity for alternative revenue streams.