VanEck Research Head: Bitcoin Would Need to Average $100K for Miners to Break Even

Odaily Report: Matthew Sigel, Head of Digital Asset Research at VanEck, stated that Bitcoin's total network hashrate is approaching an all-time high of 1,038 EH/s, with the next halving expected to occur in April 2028. Assuming an electricity price of $0.08, unchanged hashrate, and a three-year depreciation schedule for mining rigs, an S21 XP miner priced at $3,459 would require Bitcoin to average approximately $100,000 from now until the halving to break even; to achieve cash payback by the end of 2028, the Bitcoin price would need to be approximately $116,000. BTC is currently priced at $77,500.