Bitcoin Miners Poised for 182% Profit Amid Rising Prices

Bitcoin miners are in a highly profitable position, with the cost of mining a single BTC pegged at approximately $36,800, according to recent calculations by CryptoQuant analyst Axel Adler Jr. Given Bitcoin's current market price, miners stand to make an impressive 182% profit per coin.

Adler Jr’s calculation combines various factors, including April 2025 data on electricity costs, energy efficiency, and other operational expenses, offering a comprehensive view of the average mining costs. With Bitcoin trading well above the $36,800 cost of production, miners are seeing substantial gains. Adler Jr noted that the profitability pattern mirrors the early stages of Bitcoin’s bull run in late 2022 when the cryptocurrency surged nearly 100%, climbing from $16,000 to $30,000 by January 2023.

“If the price stays above $36,800, miners will not only break even but also reap profits comparable to the peaks observed during Bitcoin’s bull rally,” Adler Jr remarked. He further suggested that the market could see Bitcoin’s price rise beyond $100,000, as it did in the early stages of the last cycle.

At press time, Bitcoin’s price was $102,894, having recently surged past $105,000, driven by factors including a temporary trade truce between the U.S. and China. The cryptocurrency had dipped below $75,000 in early April but has since rebounded by 21.7% over the past month, with a nearly 9% rise in just the past week.

The current market environment suggests that Bitcoin’s rally may continue, offering lucrative returns for miners and potentially signaling the beginning of a new phase in its ongoing price surge.