• bitcoinBitcoin (BTC) $ 113,403.00
  • ethereumEthereum (ETH) $ 4,275.87
  • xrpXRP (XRP) $ 2.91
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 845.35
  • solanaSolana (SOL) $ 182.98
  • usd-coinUSDC (USDC) $ 0.999807
  • staked-etherLido Staked Ether (STETH) $ 4,263.11
  • tronTRON (TRX) $ 0.349909
  • dogecoinDogecoin (DOGE) $ 0.216231
  • cardanoCardano (ADA) $ 0.870605
  • chainlinkChainlink (LINK) $ 25.49
  • wrapped-stethWrapped stETH (WSTETH) $ 5,173.37
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 113,390.00
  • hyperliquidHyperliquid (HYPE) $ 42.06
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 4,611.75
  • stellarStellar (XLM) $ 0.399180
  • suiSui (SUI) $ 3.51
  • wrapped-eethWrapped eETH (WEETH) $ 4,583.75
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • bitcoin-cashBitcoin Cash (BCH) $ 553.46
  • hedera-hashgraphHedera (HBAR) $ 0.236375
  • avalanche-2Avalanche (AVAX) $ 23.01
  • wethWETH (WETH) $ 4,269.72
  • leo-tokenLEO Token (LEO) $ 9.52
  • litecoinLitecoin (LTC) $ 114.66
  • the-open-networkToncoin (TON) $ 3.25
  • usdsUSDS (USDS) $ 0.999480
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999959
  • uniswapUniswap (UNI) $ 10.39
  • whitebitWhiteBIT Coin (WBT) $ 43.13
  • polkadotPolkadot (DOT) $ 3.82
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 113,349.00
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.19
  • bitget-tokenBitget Token (BGB) $ 4.55
  • crypto-com-chainCronos (CRO) $ 0.143090
  • moneroMonero (XMR) $ 252.84
  • mantleMantle (MNT) $ 1.34
  • aaveAave (AAVE) $ 291.22
  • pepePepe (PEPE) $ 0.000010
  • daiDai (DAI) $ 1.00
  • ethenaEthena (ENA) $ 0.643470
  • okbOKB (OKB) $ 168.92
  • bittensorBittensor (TAO) $ 346.37
  • ethereum-classicEthereum Classic (ETC) $ 21.16
  • nearNEAR Protocol (NEAR) $ 2.50
  • aptosAptos (APT) $ 4.43
  • ondo-financeOndo (ONDO) $ 0.931919
  • pi-networkPi Network (PI) $ 0.352562
  • jito-staked-solJito Staked SOL (JITOSOL) $ 223.92
  • internet-computerInternet Computer (ICP) $ 5.17
  • arbitrumArbitrum (ARB) $ 0.506442
  • binance-peg-wethBinance-Peg WETH (WETH) $ 4,267.92
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • kaspaKaspa (KAS) $ 0.085876
  • usd1-wlfiUSD1 (USD1) $ 0.999237
  • algorandAlgorand (ALGO) $ 0.253288
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.239808
  • gatechain-tokenGate (GT) $ 17.67
  • cosmosCosmos Hub (ATOM) $ 4.42
  • vechainVeChain (VET) $ 0.023601
  • rocket-pool-ethRocket Pool ETH (RETH) $ 4,864.58
  • fasttokenFasttoken (FTN) $ 4.53
  • binance-staked-solBinance Staked SOL (BNSOL) $ 195.90
  • susdssUSDS (SUSDS) $ 1.06
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.030235
  • render-tokenRender (RENDER) $ 3.64
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 5.17
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 4,484.43
  • sei-networkSei (SEI) $ 0.301890
  • worldcoin-wldWorldcoin (WLD) $ 0.939981
  • story-2Story (IP) $ 5.80
  • official-trumpOfficial Trump (TRUMP) $ 8.79
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.674583
  • bfusdBFUSD (BFUSD) $ 0.999221
  • bonkBonk (BONK) $ 0.000022
  • flare-networksFlare (FLR) $ 0.023222
  • filecoinFilecoin (FIL) $ 2.40
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 4,491.69
  • kucoin-sharesKuCoin (KCS) $ 12.35
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 4,619.12
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 113,648.00
  • usdt0USDT0 (USDT0) $ 0.999806
  • jupiter-exchange-solanaJupiter (JUP) $ 0.490193
  • skySky (SKY) $ 0.068926
  • usdtbUSDtb (USDTB) $ 0.999948
  • xdce-crowd-saleXDC Network (XDC) $ 0.081724
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999805
  • paypal-usdPayPal USD (PYUSD) $ 1.00
  • falcon-financeFalcon USD (USDF) $ 0.999341
  • injective-protocolInjective (INJ) $ 13.70
  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 42.03
  • hash-2Provenance Blockchain (HASH) $ 0.026914
  • mantle-staked-etherMantle Staked Ether (METH) $ 4,563.30
  • nexoNEXO (NEXO) $ 1.28
  • celestiaCelestia (TIA) $ 1.70
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 4,502.50
  • tether-goldTether Gold (XAUT) $ 3,346.00
  • optimismOptimism (OP) $ 0.716392
  • spx6900SPX6900 (SPX) $ 1.33
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.996694
  • curve-dao-tokenCurve DAO (CRV) $ 0.868698
  • lido-daoLido DAO (LDO) $ 1.33
  • blockstackStacks (STX) $ 0.664376
  • aerodrome-financeAerodrome Finance (AERO) $ 1.35
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 112,590.00
  • wbnbWrapped BNB (WBNB) $ 845.15
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 206.84
  • pump-funPump.fun (PUMP) $ 0.003008
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999768
  • immutable-xImmutable (IMX) $ 0.545725
  • sonic-3Sonic (S) $ 0.320820
  • saros-financeSaros (SAROS) $ 0.379975
  • flokiFLOKI (FLOKI) $ 0.000102
  • super-oethSuper OETH (SUPEROETH) $ 4,280.03
  • the-graphThe Graph (GRT) $ 0.090868
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.12
  • pax-goldPAX Gold (PAXG) $ 3,334.39
  • conflux-tokenConflux (CFX) $ 0.182933
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 113,467.00
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.61
  • fartcoinFartcoin (FARTCOIN) $ 0.889897
  • pendlePendle (PENDLE) $ 5.30
  • raydiumRaydium (RAY) $ 3.30
  • clbtcclBTC (CLBTC) $ 114,175.00
  • kaiaKaia (KAIA) $ 0.146557
  • tezosTezos (XTZ) $ 0.804947
  • dogwifcoindogwifhat (WIF) $ 0.850047
  • msolMarinade Staked SOL (MSOL) $ 240.92
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 4,140.66
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 4,272.10
  • ethereum-name-serviceEthereum Name Service (ENS) $ 24.79
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.26
  • vaultaVaulta (A) $ 0.494860
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 4,262.76
  • theta-tokenTheta Network (THETA) $ 0.783440
  • iotaIOTA (IOTA) $ 0.195831
  • galaGALA (GALA) $ 0.016393
  • memecoreMemeCore (M) $ 0.445945
  • jasmycoinJasmyCoin (JASMY) $ 0.015312
  • morphoMorpho (MORPHO) $ 2.16
  • newton-projectAB (AB) $ 0.009599
  • ousgOUSG (OUSG) $ 112.24
  • the-sandboxThe Sandbox (SAND) $ 0.279183
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.997715
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.08
  • pyth-networkPyth Network (PYTH) $ 0.117843
  • tbtctBTC (TBTC) $ 113,149.00
  • ripple-usdRipple USD (RLUSD) $ 0.999823
  • stader-ethxStader ETHx (ETHX) $ 4,555.98
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 4,269.13
  • bittorrentBitTorrent (BTT) $ 0.00000065
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 4,569.03
  • zcashZcash (ZEC) $ 38.41
  • jito-governance-tokenJito (JTO) $ 1.70
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 4,710.62
  • walrus-2Walrus (WAL) $ 0.431752
  • flowFlow (FLOW) $ 0.373341
  • vision-3Vision (VSN) $ 0.182348
  • build-onBUILDon (B) $ 0.573971
  • usual-usdUsual USD (USD0) $ 0.998467
  • swethSwell Ethereum (SWETH) $ 4,682.57
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 113,322.00
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.216058
  • global-dollarGlobal Dollar (USDG) $ 0.999734
  • decentralandDecentraland (MANA) $ 0.280026
  • starknetStarknet (STRK) $ 0.135520
  • bitcoin-svBitcoin SV (BSV) $ 26.00
  • ether-fiEther.fi (ETHFI) $ 1.09
  • based-brettBrett (BRETT) $ 0.051102
  • beldexBeldex (BDX) $ 0.070826
  • dydx-chaindYdX (DYDX) $ 0.649993
  • reserve-rights-tokenReserve Rights (RSR) $ 0.008392
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 112,347.00
  • heliumHelium (HNT) $ 2.65
  • true-usdTrueUSD (TUSD) $ 0.996917
  • frax-etherFrax Ether (FRXETH) $ 4,247.66
  • coredaoorgCore (CORE) $ 0.481919
  • apecoinApeCoin (APE) $ 0.602773
  • keetaKeeta (KTA) $ 1.18
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 4,272.30
  • usddUSDD (USDD) $ 0.999558
  • telcoinTelcoin (TEL) $ 0.005009
  • tripTrip (TRIP) $ 15.88
  • syrupMaple Finance (SYRUP) $ 0.414840
  • apenftAPENFT (NFT) $ 0.00000046
  • thorchainTHORChain (RUNE) $ 1.30
  • instadappFluid (FLUID) $ 6.84
  • zksyncZKsync (ZK) $ 0.062724
  • arweaveArweave (AR) $ 6.90
  • sun-tokenSun Token (SUN) $ 0.023333
  • chain-2Onyxcoin (XCN) $ 0.012608
  • neoNEO (NEO) $ 6.18
  • aioz-networkAIOZ Network (AIOZ) $ 0.366363
  • compound-governance-tokenCompound (COMP) $ 46.06
  • savings-daiSavings Dai (SDAI) $ 1.16
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999854
  • eigenlayerEigenCloud (prev. EigenLayer) (EIGEN) $ 1.34
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.79

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

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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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