{"id":70214,"date":"2026-03-26T03:45:18","date_gmt":"2026-03-26T03:45:18","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-mining-margins-tighten-as-ai-pivot-accelerates-coinshares-says-mining-bitcoin-news\/"},"modified":"2026-03-26T03:45:18","modified_gmt":"2026-03-26T03:45:18","slug":"bitcoin-mining-margins-tighten-as-ai-pivot-accelerates-coinshares-says-mining-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-mining-margins-tighten-as-ai-pivot-accelerates-coinshares-says-mining-bitcoin-news\/","title":{"rendered":"Bitcoin Mining Margins Tighten as AI Pivot Accelerates, Coinshares Says \u2013 Mining Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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AI Boom Reshapes Bitcoin Mining<\/span> Sector, Coinshares Report Shows<\/h2>\n

According to the latest bitcoin mining<\/a> analysis, Q4 2025 marked one of the toughest periods for miners since the April 2024 halving, as bitcoin<\/span>\u2019s price slid from about $124,500 in October to roughly $86,000 by late December. At the same time, network hashrate<\/span> remained near record levels, squeezing profitability. The weighted average cash cost to produce one bitcoin<\/span> climbed to nearly $80,000, leaving many operators near breakeven.<\/p>\n

Hashprice<\/a>, a key revenue metric, dropped to roughly $36 to $38 per petahash per second (PH\/s) per day in Q4, then fell further to around $29 in early 2026. Those conditions triggered signs of miner capitulation, including three consecutive negative difficulty adjustments for the first time since July 2022.<\/p>\n

Source: Coinshares report on mining. \u201cThe weighted average cash cost to produce one bitcoin<\/span> among publicly listed miners rose to approximately US$79,995 in Q4 2025,\u201d Butterfill said in the report on Wednesday.<\/figcaption><\/figure>\n

James Butterfill<\/a>, head of research at Coinshares, stated the environment reflects \u201cone of the most challenging periods\u201d for miners since the last halving, driven by a combination of price pressure and rising network competition.<\/p>\n

Against that backdrop, the industry is increasingly turning toward<\/a> AI and high-performance computing (HPC) as an alternative revenue stream. Coinshares<\/a> said publicly listed miners have announced more than $70 billion in AI and HPC-related contracts, with some firms expected to generate up to 70% of revenue from AI by the end of 2026.<\/p>\n

The shift reflects a basic economic trade-off: AI infrastructure<\/a> offers more stable returns than bitcoin mining<\/span> under current conditions. Still, the transition is uneven. Some companies are aggressively repositioning as data center operators, while others continue prioritizing mining or adopting hybrid strategies.<\/p>\n

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Source: Coinshares report on mining.<\/figcaption><\/figure>\n

Meanwhile, the Bitcoin<\/span> network itself remains resilient despite recent volatility<\/span>. Hashrate<\/span> peaked above 1 zettahash per second in 2025 before pulling back and stabilizing near 1,020 exahash per second. Coinshares expects long-term growth to continue, projecting hashrate<\/span> could reach 1.8 zettahash by the end of 2026 and 2 zettahash by early 2027.<\/p>\n

Geographically, the United States, China<\/a> and Russia still dominate global mining, accounting for about 68% of total hashrate<\/span>, while countries like Paraguay and Ethiopia are gaining ground.<\/p>\n

Despite the AI pivot, mining economics remain closely tied to bitcoin<\/span>\u2019s price. The report noted that a recovery toward $100,000 could lift hashprices and improve margins, while prolonged weakness may force more operators offline. For now, the sector appears to be splitting into two camps: traditional miners and hybrid infrastructure firms balancing bitcoin<\/a> production with AI-driven workloads.<\/p>\n

FAQ \ud83e\udded<\/h2>\n