Odaily Planet Daily News📈: CoinShares' latest report reveals that the mining costs for Bitcoin miners surged in the third quarter! The average cash mining cost increased from $49,500 in the second quarter to $55,950, marking a rise of 13%! When accounting for non-cash costs such as depreciation and equity incentives, the mining cost even reaches $106,000💰.

There are three main reasons behind the rising costs: the AI boom has diverted expansion funds away from mining companies; some miners have opted for a holding strategy (HODL) instead of expansion; and the increase in electricity costs during the Texas summer has also impacted production⚡.

In terms of specific performance, Marathon has become the miner with the lowest cash costs due to increased Bitcoin production and tax incentives, while TeraWulf has reduced costs by 20% due to a significant decrease in debt expenditures, ranking third. Riot, on the other hand, despite improving operational efficiency, has dropped to seventh place📉.