Summary
TLDR: The weighted average cash cost of production for Bitcoin in Q4 was $29,500, projected to increase to $53,000 post-halving. Electricity cost per Bitcoin was $16,300 in Q4, expected to rise to $34,900 post-halving.
Key Points
1. The weighted average cash cost of production in Q4 was approximately $29,500, but is projected to increase to about $53,000 post-halving.
2. The average electricity cost of production in the fourth quarter was about $16,300 per bitcoin, which is expected to rise to around $34,900 post the halving.
3. The halving event is anticipated to significantly impact the cost of production for bitcoin, potentially leading to higher expenses for miners.