Bitcoin miners are undergoing one of the key challenging periods in the history of the industry. In this respect, surging mining costs, reaching the height of $80K per $BTC, are pushing Bitcoin ($BTC) miners toward AI. As per CoinShares’ latest report, the hashprice, a crucial mining profitability gauge, has plunged to the per hash/s/day level of $28-30 in this year’s 1st quarter. Hitting this level reportedly denotes a historic low, raising concerns among the Bitcoin miners.

Mining Cost Spike to $80K and Hashprice Slump Push Bitcoin Miners toward AI

The CoinShares report indicates that the Bitcoin miners are moving toward the use of AI, while the mining charges have jumped to $80,000 for 1 $BTC. While discussing this, James Butterfill, the Head of Research at CoinShares, stated that weighted average cash charges to mine 1 $BTC among openly listed miners spiked to $79,995 during 2025’s 4th quarter. Similarly, the hashprice dropped to almost $36-$38 per petahash/s/day. Subsequently, it dipped to nearly $28-30 during 2026’s 1st quarter.

So, in line with the report, the miners have come under renewed pressure as the decreased $BTC price, slumping hashprice, and heightened network competition have shrunk the margins across the market. Butterfill added that the pressure comes after the most challenging quarter for the miners since the halving event of April 2024. The report discloses a roughly thirty-one percent dip in $BTC from its ATH of up to $125K in early October. Keeping this in view, the use of high-performance computing and AI is growing rapidly in the Bitcoin ($BTC) mining sector.

AI Revenue to Claim 70% Amid Soaring Mining Costs, Says CoinShares

According to CoinShares, listed Bitcoin miners ($BTC) could effectively derive a 70% of the overall revenue by utilizing AI by this year’s end. This figure accounts for a whopping 30% increase from today. This shift is additionally reshaping the balance sheets of the sector while many miners are even taking on big debt loads for funding buildouts, taking into account Cipher ($1.7B), TeraWulf ($5.7B), and IREN ($3.7B). Overall, the miners are experiencing unparalleled breakeven pressures and are pursuing HPC and AI technologies.