coin-img-ETHETH-3.59%coin-img-BTCBTC-2.15%coin-img-SOLSOL-3.56%coin-img-XRPXRP-1.92%coin-img-USDCUSDC+0.00%coin-img-TRXTRX-1.29%coin-img-DOGEDOGE-4.27%coin-img-HYPEHYPE-6.20%coin-img-ETHETH-3.59%coin-img-BTCBTC-2.15%coin-img-SOLSOL-3.56%coin-img-XRPXRP-1.92%coin-img-USDCUSDC+0.00%coin-img-TRXTRX-1.29%coin-img-DOGEDOGE-4.27%coin-img-HYPEHYPE-6.20%coin-img-ETHETH-3.59%coin-img-BTCBTC-2.15%coin-img-SOLSOL-3.56%coin-img-XRPXRP-1.92%coin-img-USDCUSDC+0.00%coin-img-TRXTRX-1.29%coin-img-DOGEDOGE-4.27%coin-img-HYPEHYPE-6.20%coin-img-ETHETH-3.59%coin-img-BTCBTC-2.15%coin-img-SOLSOL-3.56%coin-img-XRPXRP-1.92%coin-img-USDCUSDC+0.00%coin-img-TRXTRX-1.29%coin-img-DOGEDOGE-4.27%coin-img-HYPEHYPE-6.20%
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Emmanuel Musa

JPMorgan: 20% of Bitcoin miners are unprofitable as BTC stays below $78K production cost

JPMorgan analysts say bitcoin has traded below its estimated production cost for five straight months, leaving about 20% of miners operating at a loss. Publicly listed miners sold more than 32,000 BTC in the first quarter to fund operations. JPMorgan estimates production cost at about $78,000 per coin, versus bitcoin trading near $63,000. The bank expects volatility in mining metrics to persist until bitcoin rises above $78K or some miners exit.
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