Bitcoin Miners Co-Locate With Nuclear Plants as $60k Cost Floor Emerges

Bitcoin miners are accelerating setups beside nuclear and hydro plants to secure baseload power at ~$0.02/kWh as electricity costs dominate 60-80% of opex. The shift follows May's record $1.086 billion revenue, undercut by BTC falling below $66,000, which cut hashprice 17.82% to $30.77 per PH/s and pulled network hashrate to 975 EH/s. Difficulty rose 1.72% to 138.96T on May 31 before a projected 7.5-9% drop around June 13. Schwab analysts now view $60,000 as the all-in production cost for efficient miners, potentially marking a cycle bottom amid the infrastructure pivot.