PANews reported on December 14 that the Q3 Bitcoin mining report released by CoinShares showed that the weighted average cash cost of listed miners to produce 1 Bitcoin increased to about $55,950, an increase of 13% from Q2, and the total cost including non-cash costs was about $106,000. Although the current Bitcoin price is $100,000, mining remains profitable, but the rapid growth of network computing power and the fact that some miners invest funds in AI infrastructure or hoarding coins (HODL) strategies have weakened computing power growth and increased costs. High electricity prices in Texas in the summer have further pushed up the production costs of some miners. Terawulf has become the miner with the lowest cash cost by reducing debt costs, Marathon has increased Bitcoin production and obtained tax benefits, and Riot has fallen in the cost ranking due to electricity costs despite improved operating efficiency. The report predicts that the rise in Bitcoin prices in Q4 may temporarily ease the pressure of low hash prices, but equipment prices, electricity competition and capital costs may cause production costs to continue to rise, and some miners such as Argo are at risk of bankruptcy.