Crypto/Finance/Market Analysis
Future of Bitcoin Mining Economics Looks Promising, Reports Canaccord
Canaccord Genuity's report suggests that Bitcoin mining will be both stable and profitable in 2025, with significant contracts shaping the landscape.
1 min read
Bitcoin mining profitability remains a key topic.
According to Canaccord Genuity:
- Bitcoin mining is expected to be profitable with mining costs ranging from $26,000 to $28,000 per bitcoin.
- Management is increasingly interested in using substantial energy resources for AI data center hosting.
The price of Bitcoin (BTC) at the time of publication was about $105,000.
Recent agreements, like the one between Core Scientific and CoreWeave, highlight an evolving landscape in mining and AI services, which may set the stage for future developments. Additionally, analysts predict forthcoming AI co-hosting contracts from companies such as Galaxy Digital and Applied Digital.
For further reading, you can check the article on CoinDesk.
