Bitcoin mining costs $1,300 in Iran, but a whopping $306,000 in Italy - here's the full list

Bitcoin may trade at around $108,000, but the cost to mine one coin changes a lot depending on the country. A chart on X shows Iran is one of the cheapest places to produce BTC and can mine one Bitcoin at electricity costs, which is about $1,320. That means miners can earn an 83x profit if they sell at today’s price, reports say.

Iran isn’t the only country that is last on the cost spectrum, other dirt-cheap energy countries like Ethiopia ($1,990), Sudan ($3,970), Cuba ($3,970), and Libya ($5,290). These places benefit from subsidized electricity or underdeveloped energy markets where power costs are very low.

Bitcoin mining cost in Europe

At the other end, Italy is the most expensive country for Bitcoin mining, costing $306,550 to mine one Bitcoin. That’s almost triple BTC’s as per current market value.


Other costly regions include Austria ($277,000), Bahamas ($280,000), and Switzerland ($236,000). Most of Europe is too expensive for mining, as per TheStreet report.

Bitcoin mining cost in USA

In the United States, the average cost is $102,260 per Bitcoin, which is high but still lower than the market price. U.S. miners prosper because they don't pay retail electricity rates in states like Texas, Kentucky, and Wyoming. They rely on renewables, stranded natural gas, and bulk deals.

Texas has become a mining hub thanks to wind and solar energy plus flexible contracts letting miners shut down during peak demand. Kentucky attracts miners with tax breaks on mining equipment and coal-powered electricity. New York and California have strict environmental rules, which make mining costs higher, as per the report by TheStreet.

However this brings in focus on the geopolitical risks. Iran’s low cost gives it a financial tool despite U.S. sanctions, while Europe is priced out, and U.S. miners must innovate to stay competitive.

As per the report by TheStreet, Bitcoin is up 85% year-to-date, and with prices climbing, knowing which countries are cheapest or most expensive shows where mining might move next. Quick recap of key numbers:

• Cheapest country: Iran – $1,320
• Most expensive country: Italy – $306,550
• U.S. cost: $102,260 (lower in mining states)
• Bitcoin price today: ~$108,000

FAQs

Q1. What is the cheapest country to mine Bitcoin in 2025?
The cheapest country is Iran, where it costs about $1,320 to mine one Bitcoin, much lower than the market price of $108,000.

Q2. What is the most expensive country to mine Bitcoin in 2025?
Italy is the most expensive, with mining costs around $306,550 per Bitcoin, making it unprofitable compared to today’s price.