Executive Summary
Bitcoin’s hashprice climbed to $36.46 per petahash per second on 23 April 2026, according to the latest mining profitability data. At an electricity price of $0.04 per kilowatt‑hour, all 14 top‑ranked ASIC miners continue to generate positive daily returns for operators. The new guide confirms that the current market environment remains favorable for miners who can secure cheap power.
What Happened
The latest hashprice reading, released on 23 April 2026, indicates that each petahash of mining power now yields $36.46 in revenue per second. Using this figure, analysts examined the profitability of the 14 most powerful ASIC rigs on the market. The study applied a uniform electricity cost assumption of $0.04/kWh, a rate that reflects the cheapest industrial tariffs available in several mining hubs.
Under these conditions, every ASIC model in the sample produced a positive net daily return. Operators paying $0.04 per kilowatt‑hour can cover energy expenditures and still earn a profit, even after accounting for hardware depreciation and pool fees.
Background / Context
Bitcoin’s hashprice—a metric that combines network difficulty, block reward, and price—offers a quick snapshot of mining revenue potential. When the hashprice rises, miners earn more per unit of hashpower, improving the economics of mining operations. Conversely, a drop can push marginal miners into the red.
Energy costs have long been the dominant expense for mining farms. The $0.04/kWh benchmark used in the guide represents a sweet spot for large‑scale operations that locate near renewable sources or benefit from subsidised rates. Historically, many miners have struggled to remain profitable when electricity prices exceed $0.06/kWh.
The 14 ASIC models reviewed include the latest generations from leading manufacturers, each delivering terahash‑scale performance while maintaining efficiency gains over previous iterations. Their collective profitability at the current hashprice underscores the resilience of mining economics when power costs stay low.
Reactions
Mining operators and industry observers have welcomed the findings. The data suggests that miners who can lock in low‑cost electricity can continue to expand capacity without fearing immediate profit erosion. Some regional mining clusters are already negotiating long‑term power contracts to lock in rates at or below the $0.04/kWh threshold.
Energy providers in jurisdictions with abundant renewable capacity have noted a growing demand for industrial‑grade tariffs, citing the latest profitability report as evidence that miners are willing to invest in locations that offer stable, cheap power.
What It Means
The confirmation that all top ASIC rigs remain profitable at the $0.04/kWh level has several implications. First, it reinforces the incentive for new mining projects to target regions with low electricity rates, potentially shifting the geographic distribution of hashpower toward areas with abundant renewable energy.
Second, the result may temper concerns about a near‑term mining downturn. While Bitcoin’s price and network difficulty remain volatile, the current hashprice provides a buffer that keeps even the most energy‑intensive rigs in the black, provided power costs stay low.
Finally, the profitability guide serves as a benchmark for miners planning hardware upgrades. Operators can compare their existing rigs against the 14 models evaluated, ensuring that any new acquisition will meet the profitability threshold under the prevailing hashprice and electricity assumptions.