In 2025, the costs of Bitcoin mining vary significantly by region, directly impacting the profitability of this activity.
Mining Costs in Different Regions
According to analysis, the cost of Bitcoin mining in Iran in 2025 is $1,320 per BTC, while in the U.S. this figure reaches $102,260 per BTC. In European countries such as Italy, mining costs even more, up to $306,550 per BTC.
Energy Advantage in Iran
Iran continues to be an attractive location for miners due to subsidized electricity prices. Former Energy Minister Reza Ardakanian noted, 'Cryptocurrency operations were estimated to be using up nearly 10% of Iran’s total electricity generation by some counts.' This creates favorable conditions for state-connected operators who dominate the local market.
Global Industry Implications
Cost discrepancies in mining directly affect where operations are concentrated. While Iran and parts of Asia continue to thrive, many operations in Europe struggle, potentially leading to shifts in global mining power. It is expected that the changing geography of mining will be driven by economic factors like electricity prices and the emergence of new technologies that enhance efficiency.
Thus, the strategy of locating mining operations becomes increasingly important, highlighting the need for innovation and adaptation to the changing market conditions.
