Bitcoin miners are cutting costs and adopting AI to cope with the aftermath of the April halving, CoinShares reports.
- BTC mining costs are rising, leading to mixed results among miners.
- Block rewards have dropped from 6.25 BTC to 3.125 BTC, increasing the cost of mining.
- The average cost of mining one BTC is now $49,500.
- Some miners, such as Cormint and TeraWulf, are paying $15,000 and $19,000 per BTC in electricity.
Miners are looking to new sources of income, including AI, to offset losses.