PANews reported on April 25 that according to a CoinShares report, the average cash cost of mining a single bitcoin for listed mining companies in the fourth quarter of 2024 rose to $82,162, a 47% increase from the previous quarter. The computing power of the Bitcoin network increased significantly in the fourth quarter, reaching a record high of 900 EH/s, and is expected to exceed 1 ZH/s in July 2025. Faced with intensified competition, many mining companies are strategically transforming to data center infrastructure and high-performance computing hosting businesses. Among them, CoreScientific has allocated 43% of its production capacity to artificial intelligence business, while Cipher Mining plans to use 35% of its future production capacity in the field of artificial intelligence.