• bitcoinBitcoin (BTC) $ 96,785.00
  • ethereumEthereum (ETH) $ 2,680.38
  • xrpXRP (XRP) $ 2.55
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 675.23
  • solanaSolana (SOL) $ 195.56
  • usd-coinUSDC (USDC) $ 0.999917
  • dogecoinDogecoin (DOGE) $ 0.262697
  • cardanoCardano (ADA) $ 0.800449
  • staked-etherLido Staked Ether (STETH) $ 2,676.37
  • tronTRON (TRX) $ 0.235440
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 96,668.00
  • chainlinkChainlink (LINK) $ 18.58
  • suiSui (SUI) $ 3.47
  • wrapped-stethWrapped stETH (WSTETH) $ 3,194.28
  • avalanche-2Avalanche (AVAX) $ 25.52
  • stellarStellar (XLM) $ 0.335973
  • shiba-inuShiba Inu (SHIB) $ 0.000016
  • litecoinLitecoin (LTC) $ 126.11
  • the-open-networkToncoin (TON) $ 3.74
  • leo-tokenLEO Token (LEO) $ 9.78
  • hyperliquidHyperliquid (HYPE) $ 26.46
  • usdsUSDS (USDS) $ 0.999797
  • hedera-hashgraphHedera (HBAR) $ 0.225136
  • wethWETH (WETH) $ 2,675.46
  • polkadotPolkadot (DOT) $ 5.13
  • bitget-tokenBitget Token (BGB) $ 5.68
  • bitcoin-cashBitcoin Cash (BCH) $ 336.28
  • ethena-usdeEthena USDe (USDE) $ 0.999990
  • uniswapUniswap (UNI) $ 9.87
  • mantra-daoMANTRA (OM) $ 5.69
  • wrapped-eethWrapped eETH (WEETH) $ 2,836.81
  • ondo-financeOndo (ONDO) $ 1.33
  • moneroMonero (XMR) $ 225.55
  • pepePepe (PEPE) $ 0.000010
  • nearNEAR Protocol (NEAR) $ 3.36
  • whitebitWhiteBIT Coin (WBT) $ 27.14
  • aaveAave (AAVE) $ 255.05
  • aptosAptos (APT) $ 6.11
  • mantleMantle (MNT) $ 1.04
  • daiDai (DAI) $ 1.00
  • internet-computerInternet Computer (ICP) $ 7.14
  • susdssUSDS (SUSDS) $ 1.04
  • bittensorBittensor (TAO) $ 386.79
  • official-trumpOfficial Trump (TRUMP) $ 16.06
  • ethereum-classicEthereum Classic (ETC) $ 21.14
  • okbOKB (OKB) $ 51.64
  • gatechain-tokenGate (GT) $ 23.34
  • vechainVeChain (VET) $ 0.034450
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.318709
  • kaspaKaspa (KAS) $ 0.102055
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 96,604.00
  • crypto-com-chainCronos (CRO) $ 0.090985
  • algorandAlgorand (ALGO) $ 0.292095
  • tokenize-xchangeTokenize Xchange (TKX) $ 29.37
  • render-tokenRender (RENDER) $ 4.53
  • jupiter-exchange-solanaJupiter (JUP) $ 0.871415
  • cosmosCosmos Hub (ATOM) $ 4.99
  • filecoinFilecoin (FIL) $ 3.41
  • arbitrumArbitrum (ARB) $ 0.486632
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997200
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.777530
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 96,625.00
  • sonic-3Sonic (prev. FTM) (S) $ 0.537911
  • fasttokenFasttoken (FTN) $ 3.94
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,687.12
  • celestiaCelestia (TIA) $ 3.07
  • binance-staked-solBinance Staked SOL (BNSOL) $ 202.04
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,773.86
  • lido-daoLido DAO (LDO) $ 1.70
  • raydiumRaydium (RAY) $ 5.21
  • optimismOptimism (OP) $ 1.12
  • kucoin-sharesKuCoin (KCS) $ 12.15
  • injective-protocolInjective (INJ) $ 15.10
  • xdce-crowd-saleXDC Network (XDC) $ 0.094021
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 96,645.00
  • blockstackStacks (STX) $ 0.957300
  • ethenaEthena (ENA) $ 0.448311
  • immutable-xImmutable (IMX) $ 0.799989
  • theta-tokenTheta Network (THETA) $ 1.38
  • bonkBonk (BONK) $ 0.000018
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,003.68
  • the-graphThe Graph (GRT) $ 0.140276
  • nexoNEXO (NEXO) $ 1.33
  • quant-networkQuant (QNT) $ 91.36
  • movementMovement (MOVE) $ 0.550338
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,830.26
  • worldcoin-wldWorldcoin (WLD) $ 1.22
  • flare-networksFlare (FLR) $ 0.021007
  • usual-usdUsual USD (USD0) $ 0.997936
  • jasmycoinJasmyCoin (JASMY) $ 0.022084
  • sei-networkSei (SEI) $ 0.234529
  • solv-protocol-solvbtc-bbnSolv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 95,793.00
  • dexeDeXe (DEXE) $ 17.79
  • galaGALA (GALA) $ 0.023235
  • msolMarinade Staked SOL (MSOL) $ 247.92
  • eosEOS (EOS) $ 0.643856
  • the-sandboxThe Sandbox (SAND) $ 0.395532
  • flokiFLOKI (FLOKI) $ 0.000097
  • tezosTezos (XTZ) $ 0.892955
  • jito-governance-tokenJito (JTO) $ 3.06
  • ethereum-name-serviceEthereum Name Service (ENS) $ 26.69
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,771.68
  • bittorrentBitTorrent (BTT) $ 0.00000087
  • iotaIOTA (IOTA) $ 0.236529
  • wbnbWrapped BNB (WBNB) $ 676.93
  • makerMaker (MKR) $ 987.29
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.28
  • ultimaUltima (ULTIMA) $ 19,251.14
  • flowFlow (FLOW) $ 0.523379
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.80
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 211.99
  • neoNEO (NEO) $ 11.35
  • bitcoin-svBitcoin SV (BSV) $ 39.61
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 96,501.00
  • kaiaKaia (KAIA) $ 0.131840
  • roninRonin (RON) $ 1.23
  • chain-2Onyxcoin (XCN) $ 0.023071
  • pyth-networkPyth Network (PYTH) $ 0.205164
  • usddUSDD (USDD) $ 1.00
  • tether-goldTether Gold (XAUT) $ 2,930.61
  • heliumHelium (HNT) $ 3.93
  • axie-infinityAxie Infinity (AXS) $ 4.38
  • spx6900SPX6900 (SPX) $ 0.741104
  • telcoinTelcoin (TEL) $ 0.008683
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.263099
  • curve-dao-tokenCurve DAO (CRV) $ 0.526364
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,831.63
  • elrond-erd-2MultiversX (EGLD) $ 23.13
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.010211
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,675.35
  • fraxFrax (FRAX) $ 0.997086
  • usdx-money-usdxusdx.money USDX (USDX) $ 0.998873
  • aerodrome-financeAerodrome Finance (AERO) $ 0.804615
  • paypal-usdPayPal USD (PYUSD) $ 1.00
  • decentralandDecentraland (MANA) $ 0.330438
  • pax-goldPAX Gold (PAXG) $ 2,947.02
  • starknetStarknet (STRK) $ 0.234280
  • berachain-beraBerachain (BERA) $ 5.58
  • beam-2Beam (BEAM) $ 0.011332
  • arweaveArweave (AR) $ 9.08
  • dogwifcoindogwifhat (WIF) $ 0.591202
  • conflux-tokenConflux (CFX) $ 0.118581
  • matic-networkPolygon (MATIC) $ 0.318549
  • dydx-chaindYdX (DYDX) $ 0.779533
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,676.69
  • resolv-usrResolv USR (USR) $ 0.999903
  • chilizChiliz (CHZ) $ 0.060487
  • pumpbtcpumpBTC (PUMPBTC) $ 93,921.00
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,675.75
  • pendlePendle (PENDLE) $ 3.38
  • meowMEOW (MEOW) $ 0.006063
  • apecoinApeCoin (APE) $ 0.735064
  • insurance-2INSURANCE (INSURANCE) $ 28.30
  • ecasheCash (XEC) $ 0.000027
  • beldexBeldex (BDX) $ 0.075120
  • zcashZcash (ZEC) $ 32.48
  • kavaKava (KAVA) $ 0.475123
  • wormholeWormhole (W) $ 0.179756
  • thorchainTHORChain (RUNE) $ 1.45
  • coredaoorgCore (CORE) $ 0.537902
  • ai16zai16z (AI16Z) $ 0.455072
  • compound-governance-tokenCompound (COMP) $ 56.29
  • story-2Story (IP) $ 2.01
  • aioz-networkAIOZ Network (AIOZ) $ 0.434455
  • true-usdTrueUSD (TUSD) $ 0.998426
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 96,771.00
  • amp-tokenAmp (AMP) $ 0.005805
  • clbtcclBTC (CLBTC) $ 97,174.00
  • reserve-rights-tokenReserve Rights (RSR) $ 0.008761
  • fartcoinFartcoin (FARTCOIN) $ 0.480931
  • newton-projectAB DAO (AB) $ 0.010710
  • akash-networkAkash Network (AKT) $ 1.90
  • morphoMorpho (MORPHO) $ 2.04
  • gnosisGnosis (GNO) $ 173.88
  • tbtctBTC (TBTC) $ 96,420.00
  • chex-tokenCHEX Token (CHEX) $ 0.442767
  • apenftAPENFT (NFT) $ 0.00000044
  • quantixaiQuantixAI (QAI) $ 84.64
  • mina-protocolMina Protocol (MINA) $ 0.354472
  • axelarAxelar (AXL) $ 0.469510
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000078
  • stakestone-berachain-vault-tokenStakeStone Berachain Vault Token (BERASTONE) $ 2,652.38
  • based-brettBrett (BRETT) $ 0.043055
  • olympusOlympus (OHM) $ 25.83
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 1.00
  • eigenlayerEigenlayer (EIGEN) $ 1.70
  • deepDeepBook (DEEP) $ 0.164346
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • hashnote-usycHashnote USYC (USYC) $ 1.08
  • usdbUSDB (USDB) $ 0.998202
  • super-oethSuper OETH (SUPEROETHB) $ 2,674.33
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 2,920.04
  • trust-wallet-tokenTrust Wallet (TWT) $ 0.961044
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  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 2,678.97
  • verus-coinVerus (VRSC) $ 4.93
  • 1inch1inch (1INCH) $ 0.273450
  • grassGrass (GRASS) $ 1.57
  • echelon-primeEchelon Prime (PRIME) $ 6.95

Bitcoin Mining Economics Expected to Be Stable, Profitable in 2025, Canaccord Says

Bitcoin Mining Economics Expected to Be Stable, Profitable in 2025, Canaccord Says

Bitcoin (BTC) mining is likely to remain profitable this year with the economics of production holding steady, Canaccord Genuity said in a research report Tuesday.

The broker said mining fundamentals are strong, “with cost-to-mine sitting somewhere in the ~$26,000-$28,000 range per bitcoin for most leading players.”

The world’s largest cryptocurrency was trading around $105,000 at publication time.

Management and investor attention is also increasingly being drawn toward alternative uses for these companies’ sizable power supplies, especially artificial intelligence (AI) data center hosting.

Bitcoin miner Core Scientific (CORZ) signed a 12-year contract with AI hyperscaler CoreWeave in June last year. The deal was viewed as a game changer for the sector.

“Early demand forecasts point toward AI dwarfing the traditional cloud hosting market over time,” analysts led by Joseph Vafi wrote.

More co-hosting deals are expected to be announced early this year, with potential news from Galaxy Digital (GLXY) and Applied Digital (APLD), the report said.

Many of the larger publicly traded miners are using their access to capital to upgrade their fleets following last April’s reward halving event, and this is strengthening their competitive position and share of the network hashrate, Canaccord said.

The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain and is a proxy for competition in the industry and mining difficulty.



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