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Bitmain Antminer S23 profitability history

What the Bitmain Antminer S23 (318 TH/s) produced each month hosted in Argentina at 6.5¢/kWh with 98.7% uptime, valued at each month’s own bitcoin price. Since Jan 2026: 0.04026 BTC mined, $2,933 of revenue, $1,538 of electricity.

The Bitmain Antminer S23 was released in May 2025; daily market data begins in Jan 2026, so months before that are not shown rather than estimated. The price history covers the full period.

Every month

MonthBitcoin minedAvg BTC priceRevenueElectricityProfitCost per BTC
Jan 20260.00423$90,557$383.04$175.31$207.73$41,430
Feb 20260.00411$69,035$283.95$158.35$125.60$38,491
Mar 20260.00437$69,617$304.24$175.31$128.93$40,099
Apr 20260.00434$73,507$319.35$169.66$149.70$39,061
May 20260.00456$78,032$356.15$175.31$180.83$38,429
Jun 20260.00452$63,237$285.97$169.66$116.32$37,512
Jul 20260.00477$63,709$303.68$175.31$128.37$36,791
Aug 20260.00486$69,262$336.92$175.31$161.61$36,050
Sep 20260.00448$80,311$359.85$164.00$195.85$36,579

Profit is over electricity only and does not repay the machine, shipping, import or setup. Bitmain Antminer S23 price history · Bitmain Antminer S23 specifications and price