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Bitmain Antminer S23 Immersion

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Is the Antminer S23 Immersion profitable?

The Bitmain Antminer S23 Immersion (442Th) mines Bitcoin on the SHA-256 algorithm at 442 TH/s, drawing 5,304 W (12.0 J/TH). At $0.08 per kWh it earns about $16.60 a day, spends $10.18 of that on power, and keeps $6.42. That’s around $192 a month. It stops making money above roughly $0.130 per kWh.

That puts it #35 of 522 on daily profit across every miner we track, and #14 of 262 SHA-256 miners on efficiency. It isn’t in stock with us at the moment. It’s an immersion-cooled unit, released in January 2026.

Profit at different electricity prices

Same machine, same day, different power bill. Find the row closest to what you pay.

Power pricePower / dayProfit / dayProfit / month
$0.03$3.82$12.78$383
$0.05$6.36$10.24$307
$0.06$7.64$8.96$269
$0.08$10.18$6.42$192
$0.10$12.73$3.87$116
$0.12$15.28$1.32$40
$0.15$19.09-$2.49-$75

Figures updated 16:26 UTC, 25 September 2026, using today’s network difficulty and coin prices. Estimates, not financial advice.