The cost for publicly listed mining companies to produce one Bitcoin has soared to approximately $74,600, according to CryptoRank data. When accounting for depreciation and stock-based compensation, the total cost rises to about $137,800. This increase comes as Bitcoin's network hashrate surpasses the symbolic threshold of 1 ZH/s, intensifying competition and rapidly diminishing mining profits. In response, some mining companies are shifting their computing power and data center assets towards AI and high-performance computing (HPC) sectors to seek higher profitability.