Block reward mining Q2: Losses rising faster than revenue

Homepage > News > Business > Block reward mining Q2: Losses rising faster than revenue The second quarter of 2026 was the best and worst of times for block reward miners, as the BTC token’s price tumbled and miners pivoting to artificial intelligence (AI) took on serious infrastructure costs. AI-pivoting miners no longer ‘wowing’ the market Canaan to sell off ‘portion’ of its BTC treasury to boost share price Texas pumps brakes on AI data center energy demands ABTC mines record amount of BTC in Q2, treasury tops 8,000 tokens Cipher talking with tenants re converting last mining facility to AI Terawulf ‘shortening the useful lives’ of its remaining mining rigs CleanSpark: mining funds buildout, AI reaps the profits MARA: mining got us here, but doesn’t define our future As of Thursday evening, the average all-in cost of mining a single BTC token—including depreciation of older, less efficient ASIC mining rigs and the need to replace them with newer, faster, more expensive ones—exceeds the token’s fiat value by ~$6,000. BTC has traded in a stubborn range of $60-$65,000 for two months now, and nothing seems capable of jolting the token out of its lethargy. The next network di...