Bitcoin Mining Cost Rises to $70,027 Per BTC as MARA Reports Higher Energy and Operating Expenses

The average cost to mine one Bitcoin has climbed to $70,027 per BTC, up 3.43% from $67,704 in February, MARA Holdings filings cited by CryptoQuant founder Ki Young Ju show. Electricity alone now costs $38,956 per Bitcoin, while adding hosting and site operations brings mining operating cost to $70,027 per BTC; including SG&A expenses pushes all-in production cost to an estimated $110,000–$113,000 per BTC, Young Ju said. With Bitcoin trading near $72,748 at press time, MARA remains profitable despite narrower margins and has amended its 2026 digital asset treasury policy to permit selling BTC from reserves in line with capital allocation priorities and market conditions. As of December 31, 2025, MARA held 53,822 BTC, including 9,377 BTC loaned to third parties, 5,938 BTC pledged as credit facility collateral, 15,315 BTC under its digital asset management strategy, and 38,507 unrestricted BTC classified as long-term digital assets.