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Bitmain Antminer S9 profitability history

What the Bitmain Antminer S9 (13.5 TH/s) produced each month hosted in Argentina at 6.0¢/kWh with 98.7% uptime, valued at each month's own bitcoin price. Since Nov 2025: 0.00197 BTC mined, $150 of revenue, $640 of electricity.

The Bitmain Antminer S9 was released in Sep 2017; daily market data begins in Nov 2025, 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
Nov 20250.00018$96,544$16.98$59.23-$42.25$336,764
Dec 20250.00018$89,011$16.18$61.21-$45.03$336,764
Jan 20260.00018$90,561$16.46$61.21-$44.75$336,764
Feb 20260.00016$69,041$11.33$55.28-$43.95$336,764
Mar 20260.00019$69,639$13.00$61.21-$48.21$327,902
Apr 20260.00018$73,653$13.24$59.23-$45.99$329,602
May 20260.00019$78,042$14.74$61.21-$46.47$324,254
Jun 20260.00019$63,191$11.93$59.23-$47.30$313,723
Jul 20260.00020$63,758$12.58$61.21-$48.63$310,407
Aug 20260.00020$69,368$13.97$61.21-$47.24$304,081
Sep 20260.00013$78,575$10.09$39.49-$29.40$307,393

Profit is over electricity only and does not repay the machine, shipping, import or setup. Bitmain Antminer S9 price history · Bitmain Antminer S9 specifications and price