Cointelegraph••1 min read
CoinShares Report: Up to 20% of Bitcoin Miners Unprofitable at Current Hashprice
The Arch TakeBearish
CoinShares has reported that up to 20% of Bitcoin miners may be operating unprofitably. This situation is primarily due to current hashprice levels, which disproportionately affect miners running older machines or those facing higher power costs. The analysis underscores the financial challenges within the Bitcoin mining industry, highlighting that operational efficiency and energy expenditure are critical factors impacting profitability for a significant portion of the sector.
📱
Never miss a Web3 update
Join our Telegram channel to receive news in real-time, straight to your phone.
Related News
MegaETH sunsets Mega Mafia accelerator program, noting ‘most’ of its successful apps left
The Block•3h ago
Injective files for SEC transfer agent registration to bring securities ownership records onchain
Cointelegraph•4h ago
JPMorgan says bitcoin outlook sees ‘encouraging sign’ as Strategy boosts cash reserves
The Block•4h ago
Ethereum Researcher Francesco D'Amato Departs EF for Ethlabs
Bankless •4h ago