Bitcoin miners are increasing their hashing capacity, achieving record levels despite ongoing struggles with profitability. This is detailed in a report from Cryptoquant Institutional Insights.
Miners are encountering difficulties in maintaining profit margins and are compelled to sell off assets to cope with operational challenges. The report underscores the pressure miners face as they continue to invest in capacity but struggle to remain financially sustainable.
The increasing hashrate signifies a growing competition among miners, further tightening the profit margins and operational viability in the Bitcoin mining sector.
