BTC mining profitability triples amid rising difficulty and growing competition

Bitcoin (BTC) miners are seeing a threefold profitability margin despite rising network difficulty, Cointelegraph reported, citing Glassnode data. Glassnode's Difficulty Regression Model estimates the cost of mining a single BTC at $33,900, while the BTC price reached approximately $105,578 on Jan. 21. Although profitability has improved due to the price increase, competition remains fierce as hash rates continue to climb. Some mining companies are diversifying into high-performance computing (HPC) and artificial intelligence (AI) sectors.