Canaccord says: Bitcoin (BTC) mining is expected to be profitable in 2025

Bitcoin (BTC) mining is likely to remain profitable this year as production economics hold steady, Canaccord Genuity said in a research report on Tuesday.

Mining fundamentals are strong, “with mining costs in the $26,000-$28,000 per bitcoin range for most leading players,” the broker said.

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

Management and investor attention is also increasingly directed towards alternative uses for these companies’ large energy supplies, especially hosting artificial intelligence data centres.

Bitcoin mining company Core Scientific (CORZ) has signed a 12-year contract a contract With CoreWeave Hyperscaler AI in June last year. The deal was considered a game changer in this sector.

“Early demand forecasts suggest that AI will dwarf the traditional cloud hosting market over time,” analysts led by Joseph Faffey wrote.

More shared 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 modernize their fleets after last April. Bonus halved eventThis strengthens their competitive position and share of the network hash rate, Canaccord said.

the Hash rate Refers to the total combined computational power used to extract and process transactions on Proof of work Blockchain is a proxy for industry competition and mining difficulty.

Read more: Bitcoin miners started in 2025 “On a solid basis,” JPMorgan says