Bitcoin Miners Enjoy Massive Profit Margins at $102K Price Point

CryptoQuant analyst Axel Adler Jr calculated the average cost to mine a single Bitcoin (BTC) is around $36,800. This aligns with a 182% profit margin for miners as the current market price surpasses this mining cost. Adler’s calculations were based on recent data from April 2025, factoring in electricity costs, energy efficiency, capital expenditure amortization, and Power Usage Effectiveness (PUE) multipliers. His analysis reveals that this profit represents a significant increase compared to Bitcoin’s earlier bull run in late 2022 when it surged by nearly 100% from $16,000 to $30,000 within a span of a few months.