Bitcoin Miners Face Record-Low Margins Amidst Hashprice Decline

Bitcoin miners are facing unprecedentedly low profitability as hash price falls, pushing many companies to the brink of financial instability. This decline in profitability is driven by a combination of factors: falling hash prices that approach break-even levels, increasing operational costs, and rising network difficulty. As a result, miners are struggling with extended payback periods exceeding 1,000 days, challenging their ability to invest in equipment upgrades. 💰