"Thanks for the update, Anna! Always great to get your insights on the market." Or maybe: "Interesting points! What are your thoughts on the next moves for Bitcoin?"

BlockBeats News, December 7 — According to the latest data released by CryptoRank, the average cash cost for mining one Bitcoin has risen to $74,600. When factoring in depreciation and stock-based compensation (SBC), the all-in cost reaches $137,800. As the total network hash rate surpasses the symbolic milestone of 1 ZH/s, competition has intensified significantly, leading to a sharp decline in miners’ profitability. This trend is prompting many publicly listed mining companies to shift their capacity toward higher-margin businesses such as AI/HPC (High-Performance Computing), rather than continuing to invest in traditional Bitcoin mining. As a result, the industry is now splitting into two main models: • Infrastructure Providers: repositioning mining data centers for high-profit computing businesses • Traditional Miners: struggling to survive in an increasingly competitive, near-zero profit environment.