Bitcoin Mining Costs Jump To $137,000 Per Coin When Accounting For Non-Cash Expenses: CoinShares

Bitcoin(CRYPTO: BTC) mining expenses rose sharply in the final quarter of 2024, withCoinSharesreporting that the total average cost to produce one Bitcoin, including non-cash items, climbed to $137,018.

This figure includes depreciation and stock-based compensation, offering a more comprehensive look at the financial stress facing miners despite the strength in Bitcoin's market price.

What Happened:According to CoinShares' Q4 2024 Mining Report, the weighted average cash cost to produce a Bitcoin among publicly listed miners jumped 47% quarter-over-quarter, from $55,950 in Q3 to $82,162 in Q4.

Excluding outliers likeHut 8 (NASDAQ:HUT), which saw costs skewed by a large deferred tax...