CoinShares: BTC Mining costs have reached $49,500, reaching a new historical high. According to the report released by CoinShares, the cost of BTC Mining has reached a record level in the third quarter, citing Bitcoin.com News. If only cash expenses are calculated, the production cost of each BTC is about $49,500; if additional expenses such as depreciation and stock compensation are included, the average cost is even higher, reaching $961,000. James Butterfill, Chief Researcher, pointed out that despite the high costs, Miners are still expanding their infrastructure and planning further investments in anticipation of future price pumps. Previously, the Computing Power of the entire BTC network exceeded 800 EH/s, reaching 803.75 EH/s, a historical high. The current average Computing Power in the past seven days is 749.05 EH/s. Due to the impact of high interest rates and fluctuations in the encryption market, mining companies have limited financing channels and mostly rely on stock issuance for funding.