Bitcoin Mining Companies Ranked by Cash Cost per BTC
Direct cash cost per BTC — lowest is best · Read methodology →
Avg cash cost (2026Q1)
$40,415
-35.9% vs prev quarter
Avg energy cost (2026Q1)
$34,823
Energy-only cost per BTC
Lowest cash cost
ABTC
$36,200/BTC
Companies reporting
2
In 2026Q1
Cash cost per BTC (latest quarter)
Cash cost per BTC — quarterly trend (top 8)
Detailed rankings
3 companies with data · 2026Q1| # | Company | Cash cost | Energy cost | Elec. price | J/TH | Power (MW) | BTC mined | Source |
|---|---|---|---|---|---|---|---|---|
| 1 | TeraWulf (WULF) | $-381 | $-536 | $-0.001 | 16.3 | 145 | 168 | 2026Q1 |
| 2 | American Bitcoin (ABTC) | $36,200 | — | — | 16 | — | 817 | 2026Q1 |
| 3 | Riot Platforms (RIOT) | $44,629 | $34,823 | $0.03 | 20.2 | 1,262 | 1,473 | 2026Q1 |
| 4 | Bitdeer (BTDR) | — | — | — | — | 1,744 | 2,034 | 2026Q1 |
| 5 | CleanSpark (CLSK) | — | — | — | 16.07 | 808 | 1,799 | 2026Q1 |
| 6 | Canaan (CAN) | — | — | $0.0437 | 23.6 | 266 | 258 | 2026Q1 |
| 7 | BitFuFu (FUFU) | — | — | — | 17.7 | 457 | 126 | 2026Q1 |
| 8 | Soluna Holdings (SLNH) | — | — | — | — | 171 | 28 | 2026Q1 |
| 9 | Cango (CANG) | — | — | — | — | — | 0 | 2026Q1 |
| 10 | Bitfarms (BITF) | — | — | — | — | — | — | 2026Q1 |
| 11 | CIpher Digital (CIFR) | — | — | — | — | — | — | 2026Q1 |
| 12 | Core Scientific (CORZ) | — | — | — | — | — | — | 2026Q1 |
| 13 | HIVE Digital Technologies (HIVE) | — | — | — | — | — | — | 2026Q1 |
| 14 | Hut 8 (HUT) | — | — | — | — | — | — | 2026Q1 |
| 15 | Iris Energy (IREN) | — | — | — | — | — | — | 2026Q1 |
| 16 | Marathon Digital (MARA) | — | — | — | — | — | — | 2026Q1 |