# Bitcoin Ends Quarter at $58,000: Why Are Miners Cutting Capacity?

> As the average cash production cost for Bitcoin miners rises to $75,500, the industry has begun reducing capacity. According to CoinShares data cited by Wu Blockchain, publicly traded Bitcoin miners…

**As the average cash production cost for Bitcoin miners rises to $75,500, the industry has begun reducing capacity.**

According to CoinShares data cited by Wu Blockchain, publicly traded [Bitcoin](https://koinbulteni.com/btc-bitcoin) miners collectively fell **below the cash break-even level** in the second quarter of 2026. While the weighted average pre-tax cash cost incurred by miners to produce one Bitcoin was **$75,500**, Bitcoin’s price at the end of the quarter remained at **$58,400**.

In June, the average hash price, which can be summarized as the daily revenue of the computing power used by miners, also dropped to an all-time low of **$27.7/PH/s/day**.

### Mining costs show significant variation among companies

In the chart prepared with CoinShares data through the close of September 3, 2026, cash costs per Bitcoin vary significantly across companies. While the cost is **$45,361** for ABTC, it is shown as **$74,911** for RIOT and **$85,893** for MARA. Costs calculated for CIFR and WULF reach levels of **$216,783** and **$174,727**, respectively.

This metric includes income tax; it does not include depreciation and stock-based payments. HUT is excluded from the calculation.

### Core Scientific canceled hardware order

Revenue pressure is also reflected in companies’ capacity decisions. Core Scientific paid **$41.9 million** to cancel next-generation mining hardware that would have provided approximately **15 EH/s** of computing power. Some publicly traded miners have ceased operations or begun downsizing their operations.

This pressure affects miners’ profitability as well as their decisions regarding new hardware investments and continuing operations.