Bitcoin Miners on the Edge Due to Record Low Hashprice
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Bitcoin mining operations are facing a tough period, with hashprice falling to a record low, below $36/PH/s. Despite Bitcoin's market price recovering above $50,000, hashprice persists around $40/PH/s, 10% lower than a previous low. High power costs add pressure, with miners like Bitmain's Antminer S19XPs nearing breakeven.
Marathon and Riot, two major public mining operators, continue to hold their mined Bitcoin. They have raised over $1.5 billion through stock offerings to endure the hashprice drop, but have also spent significant funds on power and equipment.
Core Scientific adopts a different strategy by liquidating all mined Bitcoin to cover expenses and eliminate debt. They are also expanding their high-performance computing and AI hosting capabilities, aiming for 382MW with CoreWeave.
The market downturn and increased mining difficulty are challenging the largest miners. Future industry stability will depend on how companies adapt to tough conditions and manage operational costs effectively.
Джерело: ultramining.com ↗
