The average cost of Bitcoin mining for American mining companies is approximately $43,000

CryptoQuant founder and CEO Ki Young Ju stated that the current average mining cost of Bitcoin for U.S. miners is about $43,000. Marathon Digital's Q2 2024 report shows that the company's average mining cost per Bitcoin is $42,969. This can be calculated using their operating hash rate, the cost per terahash per day, and the average number of Bitcoins mined each day.