The average public miner spent $79,995 to produce one bitcoin last quarter. Bitcoin is trading at $70,000.
Key takeaways
Quick scan — what you need to know:
- The average public miner spent $79,995 to produce one bitcoin last quarter.
- Bitcoin is trading at $70,000.
- The math doesn't work, so the industry is pivoting to AI, taking on $70 billion in contracts, and liquidating bitcoin treasuries to finance the shift.
Background
What led here, in plain terms:
- Bitcoin is trading at $70,000.
- The math doesn't work, so the industry is pivoting to AI, taking on $70 billion in contracts, and liquidating bitcoin treasuries to finance the shift.
Why it matters
Why readers and decision-makers should care:
- The math doesn't work, so the industry is pivoting to AI, taking on $70 billion in contracts, and liquidating bitcoin treasuries to finance the shift.
- The average public miner spent $79,995 to produce one bitcoin last quarter.
- Bitcoin is trading at $70,000.