Odaily Planet Daily News: Cryptocurrency asset management company CoinShares recently released its third-quarter mining report, stating that as the Bitcoin industry continues to cope with the aftermath of the halving event in April, mining companies are cutting costs and embracing artificial intelligence. The report notes, 'The Bitcoin mining industry is facing significant challenges this year, with both revenue and hash prices declining. Nevertheless, mining companies continue to roll out new infrastructure and are committed to further expansion, betting on future price increases.' CoinShares stated, 'Based on second-quarter cash cost data, we estimate that the average cost for all listed mining companies to produce one Bitcoin is now $49,500, up from $47,200 in the first quarter, which means that for most mining companies, this is a profitable business at current prices.' Bitcoin mining companies Cormint and TeraWulf are the two lowest-cost producers, requiring approximately $15,000 and $19,000 in electricity costs, respectively, to produce one Bitcoin. In contrast, other mining companies have electricity costs exceeding $20,000 per Bitcoin, with some companies, including Marathon Digital Holdings and Hive Digital, facing costs over $40,000. (Cointelegraph)

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