Public Bitcoin Miners Face Losses as Production Costs Exceed Market Price

A CoinShares report reveals that public Bitcoin miners operated below the break-even point in Q2 2026, with the average production cost of 1 BTC reaching $75,500 against a market price of $58,400. This 29% deficit, combined with record-low hashprice levels in June 2026, led to plans to decommission at least 35 EH/s of mining capacity. While Bitcoin's recovery to approximately $77,000 by September has improved profitability, the sector continues to navigate high network difficulty and cyclical volatility.