Bitcoin Miners Hit by Declining Hash Revenue, Leading to Operational Closures

Bitcoin mining operations are facing difficulties as hash revenue declines. Recent reports from Cointelegraph and Odaily reveal that miners are shutting down their equipment due to the significant drop in earnings. The average daily hash income has fallen to approximately $35 per petahash (PH), while operational costs stand at around $44 per PH. This financial strain is prompting some miners to permanently cease operations.