MarketPR
JPMorgan has characterized bitcoin mining economics as having "worsened," estimating the current cost to produce one bitcoin at roughly $78,000 — well above the roughly $62,500 price at which $BTC was trading.
The spread means miners are, on average, producing the asset at a loss relative to the bank's cost benchmark, a squeeze that typically forces hard decisions across the sector.
The Gap That Matters The numbers tell the story before any analyst commentary does.
At approximately $62,500, $BTC is trading roughly $15,500 below JPMorgan's estimated production cost — not a rounding error, but a meaningful shortfall for any operation running near the industry average.
Keep reading