Bitcoin Miners Rake in 182% Profits as Price Hits $102k—Wall Street Still Calls It a Bubble

Bitcoin’s latest bull run isn’t just making hodlers rich—miners are cashing in harder than a Wall Street insider with advance CPI data. At $102k per coin, mining operations are seeing 182% profit margins, turning GPUs into literal money printers.

Meanwhile, traditional finance pundits clutch their pearls and mutter about ’unsustainable valuations’ between sips of $15 artisanal coffee. The math, however, doesn’t lie: when your ASICs pay for themselves in 8 months, even Jamie Dimon starts looking like a permabear.

Funny how ’irrational exuberance’ always seems to favor those who showed up early.

At press time, Bitcoin has gone down 1.85% in the past 24 hours, according to data from crypto.news. BTC is currently trading hands at $102,894. However, it recently reached a daily peak of $104,635. Just a day prior, Bitcoin surpassed $105k for the first time since January 31.

Most recently, BTC has been on a rally fueled by a temporary trade truce between the U.S. and China. It was able to recover from the slump it experienced back in early April when it fell below the $75,000 mark after global stock markets crashed in the aftermath of President TRUMP announcing blanket trade tariffs across more than 60 countries and regions.

In the past month, BTC has been able to recover beyond the $100k threshold, rising by as much as 21.7%. Meanwhile, in the past week, BTC has gone up by nearly 9%.