Bitcoin Mining Profitability Stays Positive at $0.04/kWh for Top ASICs
On April 23, 2026, Bitcoin mining profitability remained positive for all 14 top-ranked ASIC miners tracked by asicminervalue.com, assuming electricity costs of $0.04 per kWh.
Hashprice was $36.46 per PH/s (from hashrateindex.com), a key metric for estimated daily revenue per unit of deployed hash power. With network difficulty elevated, the table still shows daily profits ranging from $12.73 to $31.62 after power costs.
Best performer: Bitmain’s Antminer S23 Hydro 3U (1.16 PH/s, 11,020W) at an estimated $31.62/day. Next: MicroBT Whatsminer M79S (1.35 PH/s, 20,000W) at $29.91/day. Several leading models are hydro-cooled or immersion-ready—13 of 14 in the list rely on liquid-cooling infrastructure per manufacturer specs.
Other notable entries include Bitdeer Sealminer A4 Ultra Hydro (scheduled May 2026) at $24.20/day, Bitmain Antminer S23e Hydro 2U at $23.17/day, and Proto Rig (Block) as the only air-cooled option at $18.28/day.
The article argues the current Bitcoin mining profitability window depends on tight inputs: power price, hashprice, machine efficiency (J/TH), and Bitcoin price. A material shift in these variables could quickly reorder the rankings.
Neutral
This news is mainly an equipment/profitability snapshot rather than a direct protocol or policy change. The fact that Bitcoin mining profitability stays positive for top ASICs at $0.04/kWh suggests miners’ margins are currently supported by hashprice and efficient hydro-cooled hardware. That can be modestly supportive for market sentiment (reduced likelihood of urgent capitulation by cost-pressured miners), but it doesn’t guarantee higher BTC demand.
In the short term, if traders interpret stronger margins as “less sell pressure from miners,” BTC could see mild support—similar to periods when hashprice improves and large miners report steadier production economics. In the long term, profitability is sensitive to electricity tariffs, network difficulty, and BTC price. If BTC weakens or difficulty rises faster than hashprice, profitability can flip quickly, potentially increasing miner-driven selling. Hence the overall expected market impact is neutral: helpful for mining operations now, but not a standalone catalyst for sustained price re-pricing.