Breaking: Bitcoin Miners Raking in 182% Profit as Mining Costs Hit $36.8K!

Mining Economics Unlocked

Hold onto your hats, crypto fans! CryptoQuant's Axel Adler Jr just dropped a bombshell: the average cost to mine one juicy Bitcoin is around $36,800. With the market price soaring way past that, miners are laughing all the way to the bank with a whopping 182% profit on each BTC they pull from the digital earth!

The Math Behind the Madness

How'd Adler Jr crack the code? By crunching the latest numbers from April 2025 and mixing in the costs of electricity, energy efficiency, those pesky capital expenses, and the Power Usage Effectiveness multiplier. It's like a recipe for profit!

Back to the Bull Run?

Remember the wild ride Bitcoin took us on back in late 2022? Adler Jr says the current vibes are giving off major déjà vu from those early bull-run days. With miners pocketing such hefty profits, we could be looking at history repeating itself!

Rally Rewind

Back in November 2022, Bitcoin skyrocketed nearly 100%, jumping from a sleepy $16,000 to a roaring $30,000 by January 2023. Talk about a comeback!

The Tweet That Shook the Crypto World

"This is essentially the average profitability. This corresponds to the beginning of the bull cycle in November 2022 and the peaks of this cycle >$100K," Adler Jr tweeted, setting the crypto community on fire with excitement and speculation.

Breakeven and Beyond

If Bitcoin keeps dancing above the $36,800 line, Adler Jr predicts miners will not only break even but will dive into a pool of excess profits reminiscent of the early 2023 bull rally. Get ready for some serious cash flow, miners!

Market Moves

At the time of this report, Bitcoin took a slight dip of 1.85% over the last 24 hours, trading at $102,894. But don't let that fool you; it flirted with a daily high of $104,635 and even broke the $105k barrier just a day before, the first time since January 31. This rollercoaster isn't stopping anytime soon!

Rally Fueled by Global Shifts

What's driving this latest surge? A temporary trade truce between the U.S. and China has Bitcoin bouncing back from a brutal early April slump, when it dipped below $75,000 after global stock markets crashed following President Trump's tariff announcements. But Bitcoin's resilience is shining through, pushing past the $100k mark with a 21.7% rise in the last month and nearly 9% in the past week.