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Bitcoin Miners Face Squeeze as Hash Price Nears Break-Even Levels
Yahoo Finance·2025-11-08 18:25

Bitcoin’s mining industry is feeling the strain as profitability plunges to its lowest point in months, forcing many operators to weigh shutdowns or strategic pivots. Key Takeaways: Bitcoin’s hash price has dropped to around $42 per PH/s, nearing break-even levels that threaten smaller mining operations. High energy costs and reduced block rewards are squeezing margins, prompting miners and manufacturers to pivot toward AI. Major firms like Cipher Mining and IREN are diversifying, securing multi-bill ...