Bitcoin Miner’s Profit Surges 182% Amid Price Resurgence. Bull Run Incoming?

According to a recent analysis by CryptoQuant analyst Axel Adler Jr., the average cost of mining a single Bitcoin (BTC) is approximately $36,800, driving miners’ profits up by 182% from the current price. Adler Jr. noted they derived this figure by combining the latest available data from April 2025 with current average electricity costs, energy efficiency metrics, capital expenditure amortization, and the Power Usage Effectiveness (PUE) multiplier.

Notably, Bitcoin gained a 10% price increase last week but ended Sunday with small losses. The rise continued for most of the week and was at its highest on Thursday. Bitcoin jumped from $97k to $104,159, gaining over 6%. Following the jump, CoinGecko trading data shows that BTC struggled at $105k before returning to its current price.

Analyst Pinpoints Possible Bull Run

Adler Jr.’s calculations reveal that Bitcoin miners could find the current environment highly profitable. With Bitcoin’s current market price, miners are positioned to achieve a significant profit margin of 182% above the $36,800 production cost per coin. Adler Jr. notes that this pattern closely resembles the initial phase of Bitcoin’s prior bull run, which began in late 2022.

The rally in November 2022 witnessed a remarkable surge in Bitcoin’s value, escalating by nearly 100% from $16,000 to $30,000 by January 2023.

“The spread between the current market price and the cost of one coin = 182%. This is essentially the average profitability. This corresponds to the beginning of the bull cycle in November 2022 and the peaks of this cycle >$100K,” Axel Adler Jr. states on X.

Additionally, assuming that Bitcoin’s price remains consistently above the $36,800 threshold, Adler Jr. projects that miners will not only be able to achieve complete breakeven for each coin mined but also generate surplus profits comparable to those observed during the initial phase of Bitcoin’s bull rally in January 2023.

Bitcoin Price Trajectory

As of the time of writing, data from CoinGecko indicates that Bitcoin has decreased by 1.85% in the past 24 hours. BTC is currently trading at $103,447, having recently reached a daily peak of $104,635. 

Bitcoin’s price increase is primarily due to a short break in trade issues between the U.S. and China. This helped BTC recover after it dropped to below $75,000 in early April. The drop occurred because President Trump announced trade taxes on numerous countries, which upset global stock markets.

BTC has been strong in the last month, rising above $100,000 and gaining as much as 21.7%. Its value has also increased by almost 9% in the past week.

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