JPMorgan Says Bitcoin Rally Eases Pressure on Miners
Yahoo Finance ·
According to U.S. financial institution JPMorgan Chase, the ongoing surge in Bitcoin prices is expected to relieve financial strain on digital asset mining enterprises. With Bitcoin values surpassing the estimated production threshold of $85,000 U.S., the likelihood of forced liquidations diminishes. Analyst Nikolaos Panigirtzoglou noted that the cryptocurrency spent 280 days below this average generation expense line, which has historically functioned as a soft floor. When trading beneath this mark, high electricity and hardware expenses drive operators into unprofitability, frequently compelling them to offload holdings or power down equipment. The market downturn starting in October 2025 pushed numerous firms to pivot toward artificial intelligence data centers. Consequently, network hash rate has dropped roughly 19% from its peak, while mining difficulty decreased 15%. On September 25, Bitcoin changed hands at $84,500 U.S.
AI 시장 분석
According to JPMorgan, as the price of Bitcoin exceeds the estimated mining cost of $85,000, the financial pressure on cryptocurrency mining companies is expected to ease. Bitcoin stayed below production costs for 280 days, which reduced the risk of forced selling and increased the stability of the mining industry. Investors should pay attention to the impact of the recovery in mining costs on the profitability improvement of related companies and the trend of shifting to AI data centers.
상승 영향
- Bitcoin — JPMorgan analyzed that as the price of Bitcoin surpassed the estimated mining cost of $85,000, the risk of forced selling and financial pressure on mining companies significantly eased.
DYAX 전담 분석
According to JPMorgan's analysis, the rise in Bitcoin prices leads to improved profitability for mining companies, acting as a major factor in significantly lowering forced selling pressure. In particular, breaking through the production cost of $85,000 serves as a key mechanism to reduce the risk of bankruptcy for miners and support stock price recovery.
If the Bitcoin price stabilizes above the production cost in the future, mining stocks can be expected to turn bullish, but if the price falls, it could lead to deteriorating profitability again, requiring close monitoring of hashrate and mining difficulty indicators.
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