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JPMorgan says bitcoin mining economics have 'worsened' as BTC trades below production cost

JPMorgan's current estimated production cost of bitcoin is about $78,000, while bitcoin is currently trading around $62,500.

Raccontata datheblock.cocryptobriefing.comcoindesk.combitcoinmagazine.comnews.bitcoin.com

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5 prospettive sulla stessa storia
AI · summaries
theblock.coStai leggendo6 g fa

JPMorgan says bitcoin mining economics have 'worsened' as BTC trades below production cost

JPMorgan's current estimated production cost of bitcoin is about $78,000, while bitcoin is currently trading around $62,500.

originale
bitcoinmagazine.com5 g fa

JPMorgan: Bitcoin Mining Costs Have 'Worsened' As BTC Trades Below Production Cost

Bitcoin trades $63k versus $78k production cost for five months; 20% of miners unprofitable; public operators sold 32k coins in Q1 2026. Mining difficulty elasticity (0.62) signals network rebalancing JPMorgan reads as contrarian indicator for bull cycles.

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news.bitcoin.com5 g fa

JPMorgan Says 20% of Miners Operating at a Loss as Bitcoin Trades Below Production Cost

Bitcoin trading $15K below production cost ($78K vs $63K) for 5 months has pushed 20% of miners into losses; public companies dumped 32,000 BTC in Q1 just to operate. Mining difficulty now beta 0.62 to price swings—margins are razor-thin and operators are powering down fast, signaling sustained energy cost pressure and industry consolidation ahead.

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cryptobriefing.com6 g fa

Bitcoin miners face pressure as 20% become unprofitable, JPMorgan says

JPMorgan reports 15-20% of Bitcoin miners unprofitable as production costs (~$78K) exceed spot price (~$62.5K); public miners liquidated 32K BTC in Q1. Heightened price sensitivity (0.62 beta) compounds mining ecosystem fragility—difficulty adjustments and supply-side selling pressure threaten mining stock valuations.

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coindesk.com6 g fa

Live updates: Bitcoin has traded below its mining cost for five months, squeezing miners

About 20% of miners are now unprofitable, and publicly traded miners sold more than 32,000 bitcoin in the first quarter to cover operating costs, more than they offloaded in all of 2025.

Leggi questa versione → originale

Timeline cronologica

  1. giovedì 18 giugno 2026·theblock.co

    JPMorgan says bitcoin mining economics have 'worsened' as BTC trades below production cost

    JPMorgan's current estimated production cost of bitcoin is about $78,000, while bitcoin is currently trading around $62,500.

  2. giovedì 18 giugno 2026·cryptobriefing.com

    Bitcoin miners face pressure as 20% become unprofitable, JPMorgan says

    JPMorgan says 20% of Bitcoin miners are unprofitable as BTC trades below its $78K production cost. Public miners sold over 32,000 BTC in Q1 2026.

  3. venerdì 19 giugno 2026·coindesk.com

    Live updates: Bitcoin has traded below its mining cost for five months, squeezing miners

    About 20% of miners are now unprofitable, and publicly traded miners sold more than 32,000 bitcoin in the first quarter to cover operating costs, more than they offloaded in all…

  4. venerdì 19 giugno 2026·bitcoinmagazine.com

    JPMorgan: Bitcoin Mining Costs Have 'Worsened' As BTC Trades Below Production Cost

    JPMorgan says Bitcoin mining economics have deteriorated as BTC trades about 19% below its estimated $78,000 production cost, forcing public miners into record coin sales and…

  5. sabato 20 giugno 2026·news.bitcoin.com

    JPMorgan Says 20% of Miners Operating at a Loss as Bitcoin Trades Below Production Cost

    JPMorgan analysts say BTC has traded below estimated production cost for 5 months, pushing about 20% of miners into unprofitable territory.