Bitcoin Mining at a Crossroads: Profitability Plummets Towards Break-Even

Bitcoin mining profitability has reached record lows, with hash price – the revenue miners earn per petahash per second – plummeting to around $35/PH/s. This decline has pushed a significant portion of the industry into operating at or below break-even. The situation is exacerbated by rising cost pressures across public mining companies, who are now facing substantial financial strain due to the low revenue they generate.